Business, Legal & Accounting Glossary
The sale of goods in quantity for resale purposes.
Wholesale is the sale of goods, usually in quantity, for the purpose of resale to consumers.
Wholesale is distinguished from retail, which is the direct sale of goods to the consumer. Thus wholesale banking is providing banking services to other financial institutions, rather than to individuals. As the wholesale price to other companies excludes the retail markup, governments find it worthwhile to measure the increase in prices at the wholesale level as well as the retail level. In the US, the Producers Price Index (which until 1978 was called the Wholesale Price Index) is used to measure wholesale inflation. Notably, wholesale operations in many industries have been squeezed, as new technologies tend to eliminate links in the distribution chain. For example, the Internet can enable manufacturers to bypass the wholesale sector entirely and market directly to the consumer.
You may want to try and offer your product wholesale to get rid of a lot of it quickly in one big score.
My brother buys eggs from farmers and sells them to supermarkets wholesale, but he does not sell them directly to consumers.
Bulk foods, such as those sold at Sam’s Club or Costco, offer a great value to the customer because the product is sold at wholesale prices.
merchant
Buenos Aires Stock Exchange (BUE)
fixed-markup UML
wholesale inventories
Basel Committee On Bank Supervision
affiliated wholesalers
intercompany pricing
wholesale price
retail
Producer Price Index
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This glossary post was last updated: 26th November, 2021 | 0 Views.