Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling is buying goods in bulk quantity, usually directly from the manufacture or source, at a discounted rate. The retailer then sells the goods to the end consumer at a higher price making a profit. [2]
Headquarters of Eurocash Group, a Polish wholesaler
The headquarters of Suomen Palvelutukkurit Oy, or PATU,[1] is located at Gate8 Business Park in Vantaa, Finland
According to the United Nations Statistics Division, wholesale is the resale of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or companies. Wholesalers frequently physically assemble, sort, and grade goods in large lots, break-bulk, repack, and redistribute in smaller lots.[3] While wholesalers of most products usually operate from independent premises, wholesale marketing for foodstuffs can take place at specific wholesale markets where all traders are congregated.
Traditionally, wholesalers were closer to the markets they supplied than the source from which they got the products.[4] However, with the advent of the internet and e-procurement there is an increasing number of wholesalers located nearer to the manufacturers in China, Taiwan, and Southeast Asia. The profit margins of wholesalers depend largely on their ability to achieve market competitive transaction costs.
In the banking industry "wholesale" usually refers to wholesale banking, providing tailored services to large customers, in contrast with retail banking, providing standardized services to large numbers of smaller customers.
In real estate, wholesaling is the act of contracting to purchase real property, and assigning that contract to an investor.
Often, in the United States, wholesalers are not required to charge their buyers sales tax, if the buyer has a resale license in the state the wholesaler is located. Out-of-state buyers are not charged sale tax by wholesalers.[5]
The alternative to selling wholesale to distributors or retailers is to sell retail[6] either through company-owned stores or online. Advantages include receiving a larger slice of the price paid by the consumer; disadvantages include difficulty in reaching consumers.[7] Direct selling is a business model wherein sellers sell the goods directly to the end customer.[8]
See also
Wikimedia Commons has media related to Wholesale trade.
Look up wholesale in Wiktionary, the free dictionary.
^Kolodny, Joseph (September 1949). "The Mechanics of Wholesaling". Journal of Marketing. 14 (2): 225–231. doi:10.2307/1247896. ISSN 0022-2429. JSTOR 1247896.
^"United Nations Statistics Division – Classifications Registry". unstats.un.org. from the original on 21 March 2018. Retrieved 8 May 2018.
^Chandler, A. D. (1994). Scale and scope The Dynamics of Industrial Capitalism. Cambridge, Massachusetts: Belknap Press of Harvard Univ. Press. p. 29.
^"Als Lieferant mitmachen" (in German). eu-lieferanten.de. from the original on 11 April 2013. Retrieved 9 April 2013.
^Mount, Ian (6 March 2013). "Clothing Companies Trying to Find More Direct Paths to Customers". The New York Times. from the original on 7 March 2013. Retrieved 7 March 2013.
^"July". Some Things You Should Know. Bloomsbury Academic. 2020. doi:10.5040/9781350115408.ch-007. ISBN978-1-3501-1340-4. Retrieved 24 November 2021.
January 29, 2023
wholesaling, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, january, 2022,. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Wholesaling news newspapers books scholar JSTOR January 2022 Learn how and when to remove this template message The examples and perspective in this article may not represent a worldwide view of the subject You may improve this article discuss the issue on the talk page or create a new article as appropriate March 2018 Learn how and when to remove this template message Wholesaling or distributing is the sale of goods or merchandise to retailers to industrial commercial institutional or other professional business users or to other wholesalers wholesale businesses and related subordinated services In general it is the sale of goods in bulk to anyone either a person or an organization other than the end consumer of that merchandise Wholesaling is buying goods in bulk quantity usually directly from the manufacture or source at a discounted rate The retailer then sells the goods to the end consumer at a higher price making a profit 2 Headquarters of Eurocash Group a Polish wholesaler The headquarters of Suomen Palvelutukkurit Oy or PATU 1 is located at Gate8 Business Park in Vantaa Finland The Birmingham Wholesale Markets According to the United Nations Statistics Division wholesale is the resale of new and used goods to retailers to industrial commercial institutional or professional users or to other wholesalers or involves acting as an agent or broker in buying merchandise for or selling merchandise to such persons or companies Wholesalers frequently physically assemble sort and grade goods in large lots break bulk repack and redistribute in smaller lots 3 While wholesalers of most products usually operate from independent premises wholesale marketing for foodstuffs can take place at specific wholesale markets where all traders are congregated Traditionally wholesalers were closer to the markets they supplied than the source from which they got the products 4 However with the advent of the internet and e procurement there is an increasing number of wholesalers located nearer to the manufacturers in China Taiwan and Southeast Asia The profit margins of wholesalers depend largely on their ability to achieve market competitive transaction costs In the banking industry wholesale usually refers to wholesale banking providing tailored services to large customers in contrast with retail banking providing standardized services to large numbers of smaller customers In real estate wholesaling is the act of contracting to purchase real property and assigning that contract to an investor Contents 1 Taxes 2 Direct selling 3 See also 4 ReferencesTaxes EditOften in the United States wholesalers are not required to charge their buyers sales tax if the buyer has a resale license in the state the wholesaler is located Out of state buyers are not charged sale tax by wholesalers 5 Direct selling EditMain articles Direct selling and Direct marketing The alternative to selling wholesale to distributors or retailers is to sell retail 6 either through company owned stores or online Advantages include receiving a larger slice of the price paid by the consumer disadvantages include difficulty in reaching consumers 7 Direct selling is a business model wherein sellers sell the goods directly to the end customer 8 See also Edit Wikimedia Commons has media related to Wholesale trade Look up wholesale in Wiktionary the free dictionary Business portalBusiness to business Cash and carry wholesale Distribution marketing Jobbing house Supply chain Supply networkReferences Edit Palvelutukkurit PATU Tukkuliike Elintarvikkeet lahiruoka palvelutukkurit fi Kolodny Joseph September 1949 The Mechanics of Wholesaling Journal of Marketing 14 2 225 231 doi 10 2307 1247896 ISSN 0022 2429 JSTOR 1247896 United Nations Statistics Division Classifications Registry unstats un org Archived from the original on 21 March 2018 Retrieved 8 May 2018 Chandler A D 1994 Scale and scope The Dynamics of Industrial Capitalism Cambridge Massachusetts Belknap Press of Harvard Univ Press p 29 Michael Gravette wholesaler for 32 years Als Lieferant mitmachen in German eu lieferanten de Archived from the original on 11 April 2013 Retrieved 9 April 2013 Mount Ian 6 March 2013 Clothing Companies Trying to Find More Direct Paths to Customers The New York Times Archived from the original on 7 March 2013 Retrieved 7 March 2013 July Some Things You Should Know Bloomsbury Academic 2020 doi 10 5040 9781350115408 ch 007 ISBN 978 1 3501 1340 4 Retrieved 24 November 2021 Retrieved from https en wikipedia org w index php title Wholesaling amp oldid 1125522242, wikipedia, wiki, book, books, library,
