What are the characteristics of wholesale trade?
Main characteristics of Wholesale Trade:
- Wholesaler acts as a link between producer and retailer.
- A wholesaler works with big amounts of products.
- A wholesaler is usually focused on a single product line. For instance, stationery, food grains, and so on.
- Wholesaler invests large amounts of capital in maintaining a stock of goods.
- Generally, the margin of profit of wholesalers is low. A wholesaler is the first intermediary in the distribution chain.