Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services.
In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise.
Wholesaling is buying goods in bulk quantity, usually directly from the manufacture or source, at a discounted rate and selling to the retailer at a higher price.
The retailer then sells the goods to the end consumer at a higher price making a profit. According to the United Nations Statistics Division, wholesale is the resale 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 is an increasing number of wholesalers located nearer to the manufacturers in China, Taiwan, and Southeast Asia.
The profit margins of wholesalers depend largely on their ability to achieve market competitive transaction costs
List of bags wholesale shops in Accra:
- mSimps. mSimps, an accessory manufacturing company and creative enterprise based in Accra, Ghana, began by producing dress brooches and belt in 2010.it has since expanded to include bags of all kinds.
- Oye Bags. They make African bags out of a wonderful assortment of African textiles and materials.
- 17 Couture. They provide high end ,authentic fashion bags
- Ajs bags Hub
- Esther bags and footwear
- Green ibags and more
Thank You for reading this post from Latest Ghana as online entertainment and news portal from Ghana. Don’t forget to recommend our site, Latest Ghana to your friends and family who might also profit from the information on our website and check out our other articles because we have more information to bring to you via your devices.
I believe you have any comments or suggestions to drop about this article, kindly make use of the comment box below and reach us for more discussion.
Latest Ghana is on the mission to promote anything latest from Ghana; Latest Entertainment News, General News, Sports, Insurance, Banks, Mortgage, Farming, Scholarship, Education and Schools Admission, Product pricing, Food, Fashion, Health, Business and more.