What Are Wholesalers? A wholesaler is a person or a company that buys goods from manufacturers in bulk quantities and supplies them to retailers at a profit. Wholesalers are a crucial part of any product distribution channel. They are the middlemen in the supply chain,…

Manufacturing is a cornerstone of the modern economy, transforming raw materials into the products we use daily.  But what exactly does this process entail, who are the key players, and what roles do they play? Let’s delve into the world of manufacturers to find out….

What are Distributors? Distributors are business entities that are responsible for handling the distribution process of products and services. A distribution process is an activity that involves the spread of a product in a market so that the consumer can buy it. What are the…

What is Wholesale Price? The wholesale price is the price of the product charged at the wholesaler level. This is the price retailers pay when they make bulk product purchases from wholesalers. The aim of wholesale pricing is to earn profit by selling goods that…

Merchant wholesalers sell goods and services on their accounts. They purchase inventory from manufacturers and then sell the goods and services to businesses, government agencies, retailers, suppliers, or other wholesalers. They play an inevitable role in indirect sales. Indirect sale is a term used to…