ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A wholesaler buys products in large quantities from the producer; and resells smaller quantities of the goods to retailers or consumers.
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Breaking bulk
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Selling in bulk
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Bulk purchase
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None of the above
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Explanation:
Detailed explanation-1: -Wholesale is the business of buying goods in large quantities from manufacturers or producers and selling smaller quantities to retailers, who will then sell smaller quantities to their customers.
Detailed explanation-2: -Definition. 1 / 12. A wholesaling business (wholesaler) buys goods in large quantities, typically from manufacturers, and resells them in smaller batches to retailers. A retailing business (retailer) buys goods, often from wholesalers, and resells them directly to consumers, who are the end buyers.
Detailed explanation-3: -A wholesaler buys products from producers in bulk and sells it in large quantities to traders.
There is 1 question to complete.