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why is there a difference between a wholesale market and a retail market?

    • Posted by Chandragupt Zx 4 years, 6 months ago

    CBSE > Class 07 > Social Science
    • 1 answers

    Sia ? 4 years, 6 months ago

    Wholesale

    • They are connecting links between the manufacturers and the retailers.
    • They purchase goods in large quantities from the manufacturers or factories.
    • They sell limited number of product.
    • They sell products at cheap rate than retailer

    Retail

    • They are connecting links between the wholesalers and the customers.
    • They purchase goods in small quantities from the wholesalers.
    • They have a direct link with the customers.
    • They provide lesser credit facilities to the consumers and usually sell goods on cash basis.

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