Roles of Wholesaler - SS1 Economics Past Questions and Answers - page 1
What is the primary role of a wholesaler?
Selling goods directly to end consumers
Purchasing goods in large quantities from manufacturers
Providing transportation services to retailers
Offering credit and financing to retailers
What does it mean to "break bulk"?
Selling goods directly to end consumers
Purchasing goods in large quantities from manufacturers
Breaking down goods into smaller quantities for sale to retailers
Offering credit and financing to retailers
What service may a wholesaler provide to retailers?
Manufacturing goods
Purchasing goods from retailers
Providing transportation services
Selling goods directly to end consumers
What is the main difference between a wholesaler and a retailer?
A wholesaler purchases goods in bulk from manufacturers and sells them to retailers, while a retailer sells goods directly to end consumers.
Enumerate 2 key roles of a wholesaler.
- Breaking bulk: Wholesalers buy goods in large quantities and then break them down into smaller quantities for sale to retailers, making it easier for retailers to purchase the amount they need.
-
Transportation: Wholesalers may provide transportation services to retailers, delivering goods directly to their stores.