Definition of wholesaling?

Wholesaling is the process of buying goods or products in large quantities from manufacturers or distributors and selling them in smaller quantities to retailers or other businesses for a profit. Wholesalers act as intermediaries between producers and retailers, helping to distribute goods efficiently and cost-effectively.

Wholesaling is a business activity involved in selling goods and services in bulk to other businesses or organizations that resell or use them in their operations, rather than to the ultimate consumer. It is an intermediate step in the distribution channel between manufacturers or producers and retailers or end-users. Wholesalers typically buy large quantities of products from manufacturers or other sources and then break them down into smaller quantities to sell to their customers. They provide various services to businesses, including storage, transportation, credit financing, and market information. Wholesaling contributes to the efficient and cost-effective distribution of goods and services within the supply chain.