What is wholesale meaning?

Wholesale refers to the sale of goods or products in large quantities at lower prices to retailers or other businesses. It is a common practice used to build profitable relationships between manufacturers and retailers, and is an important part of many supply chains.

Wholesale businesses purchase products in bulk from manufacturers or distributors and then resell those products to retailers or businesses. Typically, wholesalers take on the responsibility of storing, handling, packing, and shipping the products to the final customers, while retailers focus on selling them to individual consumers.

Wholesale prices are often lower than retail prices due to economies of scale - as the quantity of product sold increases, the cost per unit generally decreases. Wholesale prices can vary depending on the product and market, and are often negotiated between the wholesaler and the retailer.

Wholesale operations can be found in many industries, including clothing, electronics, food, and more. Wholesale can be a profitable business model for both manufacturers and retailers, helping to drive down costs and increase profit margins.