Thursday, October 12, 2006

What is wholesale and retail? -

what kinds of businesses is it?

Retail are places that sell directly to the public like shops and restaurants. Wholesale are businesses that sell to retailers i.e. not directly to the general public.

wholesale is a price that is usually under retail price, and given when you buy a whole lot of one item. Usually a business will buy wholesale, and sell at the Retail price that is how they make their money.The business that sells the smaller business their product also makes money off of the massive sale.The item should not cost as much as the wholesale price to make so there is always a profit.

Wholesaling is the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services. Example would be a Cash and Carry which supplied goods at trade(wholesale) prices to shopsRetailing is the selling of goods to consumers; usually in small quantities and not for resale. Example would be a shop selling to the general public.So yes a clothes shop is a retailer and the places where the clothes shop gets its stock from e.g. a clothes warehouse, would be the retailer.

All businesses use this system they buy the commodity cheap from the supplier of the goods as cheap as they can then double or treble its price or even more then sell it to you at the greater price hence wholesale and the big money earner RETAIL so the seller to you can have the big house,Flash car and a pocket full of money

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