ENTREPRENEURSHIP

Detailed explanation-1: -Wholesalers focus on B2B rather than B2C. B2B stands for business-to-business, i.e., one company selling to another company.

Detailed explanation-2: -What is wholesale? A wholesaler is a person or company who sells products in bulk to various outlets or retailers for onward sale, either directly or through a middleman. Wholesalers are able to sell their products for a lower price as they are selling in bulk, which reduces the handling time and costs involved.

Detailed explanation-3: -Merchant Wholesalers This is the most common wholesale types. Merchant wholesalers engage in purchasing larger volumes of products which they sell in smaller quantities for a slightly higher price.

Detailed explanation-4: -Wholesale ecommerce is a business-to-business (B2B ecommerce) model where, instead of selling your products individually to consumers, you sell them in bulk and at a discount to other businesses-essentially as the intermediary between the manufacturer and the distributor or retailer.

Detailed explanation-5: -Wholesalers can also be retailers and manufacturers. For example, General Mills produces various foods, including cereal. They then distribute cereal to grocery stores that sell goods to the end-user. In this case, General Mills is both the manufacturer and the wholesaler.