Wholesaling, jobbing, or distributing is defined as 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. In general, it is the sale of goods to anyone other than a standard consumer.
According to the United Nations Statistics Division, "wholesale" is the resale (sale without transformation) 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. 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.
However, with the advent of the internet and E-procurement there are an increasing number of wholesalers located nearer manufacturing bases in China, Taiwan, and Southeast Asia. For example, Chinavasion, Ownta, Salehoo, and Modbom. These companies offer drop shipping services to companies and individuals.
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.
Read more about Wholesale: Taxes
Other articles related to "wholesale":
... sourcing research company whose primary function is to locate and qualify factory-authorized wholesale suppliers and wholesale manufacturers that are willing to sell to home businesses and ... Worldwide Brands publishes the results of its findings in an online wholesale directory ... They also publish educational materials that teach sourcing wholesale products to sell online ...
... Lockbox is generally divided into Wholesale and Retail ... Wholesale lockboxes are for corporate to corporate payments and tend to be higher dollar amounts than retail lockbox transactions ...
... Cash and carry wholesale represents a type of operation within the wholesale sector ... definitions Cash and carry is a form of trade in which goods are sold from a wholesale warehouse operated either on a self-service basis, or on the basis of samples (with the customer selecting from ... between "classical" sales at the wholesale stage and the cash and carry wholesaler These differences are based in particular on the fact that customers of the cash and ...
... Often, wholesalers are not required to charge their buyers sales tax, but they sometimes decide or are required to charge a special wholesale tax. ...
... It is one of the largest wholesale directories on the Internet and one of the first to offer international wholesale contacts ... SaleHoo Alert eBay wholesale alert software ...
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