ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wholesalers
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Stockholders
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Rack Robbers
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None of the above
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Detailed explanation-1: -The correct answer is Wholesaler. They buy goods in large quantities from the manufacturers and sell them in smaller units to industrial units and/or retail traders.
Detailed explanation-2: -By contrast, a wholesaler is a business that buys products from manufacturers in bulk and then resells them to retailers, who in turn sell the goods to consumers. Wholesalers typically buy goods at a lower cost than retailers, and sell them at a higher price to make a profit.
Detailed explanation-3: -Wholesaler is the one who buys goods and services in large quantities at a low unit price to retail merchants and then sells these goods to small traders called retailers.
Detailed explanation-4: -A wholesaler buys products from producers in bulk and sells it in large quantities to traders.