MANAGEMENT

Detailed explanation-1: -When traders buy goods directly from producers in huge quantities and sell to retailers, it is known as retail trade.

Detailed explanation-2: -A retailer buys from wholesalers and producers in large quantities and sells to consumers in small quantities.

Detailed explanation-3: -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-4: -As a wholesaler, you can sell to both consumers and other retailers. You don’t have to choose one or the other. The first examples of wholesale businesses that might come to mind are probably large brick-and-mortar department stores, like Walmart or Zellers.

Detailed explanation-5: -Answer. A wholesaler is a company that buys products in bulk from manufacturers and sells them to retailers.