Q.Define Wholesale Trade.

Wholesale trade is the purchase of goods in bulk from producers and their resale in smaller quantities to retailers. The wholesaler links the manufacturer with the retailer.

Wholesale trade is studied under Internal Trade in the TS Intermediate 2nd-year Commerce course, which aligns closely with the NCERT/CBSE commerce curriculum.

Meaning of Wholesale Trade

Wholesale trade refers to buying goods in large quantities directly from producers or manufacturers and selling them in relatively smaller quantities to retailers. The person engaged in it is a wholesaler. He usually deals in one or a few lines of goods, keeps large stocks, and often sells on credit to retailers. By bridging the gap between the producer and the retailer, the wholesaler performs useful functions such as bulk buying, storage ( …