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Wholesale Trade (Functions)
Wholesale Trade (Functions)
COMMERCE.
TOPIC : WHOLESALE TRADE
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Wholesale trade includes ³all activities
involved in selling goods or services to those
who buy for resale or for business use.´
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Wholesaler performs the function of
warehousing.
By storing surplus stock of goods, the
wholesaler acts as a warehouse-keeper
of the market.
Wholesaler stock the goods, so as to
supply them.
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Wholesaler purchase the goods in bulk
from manufacturing centers.
Wholesaler transport the goods as
demanded by the retailers.
Most wholesalers hire transport
services from transport agencies.
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^Push Strategy.
^Pull Strategy.
GWholesaler provides financial
assistance.
GWholesaler purchases goods on
credit.
GA longer period of credit are
granted to the retailers.
RISK- BEARING
After purchasing goods from the
manufacturer, all risks in the process of
distribution are to be borne by the
wholesaler.