Wholesale

Wholesale

Wholesaling is 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. [ [http://www.wto.org/english/thewto_e/acc_e/completeacc_e.htm#chn WTO - World Trade Organization] ]

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. [ [http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=9&Lg=1&Co=6 UNSTATS - United Nations Statistics Division] ]

The Role of Middlemen

Many online auction websites such as eBay are now providing wholesalers through a wholesale list, generally, the lists that require a fee to view, may not be updated frequently, the data may be old, and the companies listed may no longer be in business.

Another form of online middleman is B2B trade companies like Global Sources. These cater mainly to big businesses who are importing large quantities of goods from foreign countries. They also have sister sites that serve smaller orders for small businesses, like [http://www.globalsourcesdirect.com Global Sources Direct] .

In addressing the concerns of listed companies' legitimacy and dependability, such B2B portals may inspect suppliers at their actual premises before they list suppliers. The "verified suppliers" system of Global Sources is one such example.

Alternatively, these companies may also branch out of cyberspace and organize their own Sourcing Fairs, where thousands of buyers and suppliers can meet face-to-face. Two examples are [http://www.cantonfair.org.cn/en/index.asp Cantonfair] and [http://www.chinasourcingfair.com China Sourcing Fairs]

ee also

*Distribution (business)
*Retail
*Supply chain
*Supply network

References


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Look at other dictionaries:

  • wholesale — [hōl′sāl΄] n. [ME holesale (< phr. by hole sale, by wholesale): see WHOLE & SALE] the selling of goods in relatively large quantities and usually at lower prices than at retail, esp. such selling to retailers for resale to consumers adj. 1. of …   English World dictionary

  • Wholesale — Whole sale , a. 1. Pertaining to, or engaged in, trade by the piece or large quantity; selling to retailers or jobbers rather than to consumers; as, a wholesale merchant; the wholesale price. [1913 Webster] 2. Extensive and indiscriminate; as,… …   The Collaborative International Dictionary of English

  • Wholesale — Whole sale , n. Sale of goods by the piece or large quantity, as distinguished from retail. [1913 Webster] {By wholesale}, in the mass; in large quantities; without distinction or discrimination. [1913 Webster] Some, from vanity or envy, despise… …   The Collaborative International Dictionary of English

  • wholesale — ► NOUN ▪ the selling of goods in large quantities to be retailed by others. ► ADVERB 1) being sold in such a way. 2) on a large scale. ► ADJECTIVE ▪ done on a large scale; extensive. ► VERB ▪ sell (goods) wholes …   English terms dictionary

  • wholesale — n. The selling of goods, usually in large quantities, to retailers who will in turn sell them to consumers. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • wholesale — early 15c., in large quantities, from WHOLE (Cf. whole) + SALE (Cf. sale); the general sense of extensive is attested from 1640s …   Etymology dictionary

  • wholesale — *indiscriminate, sweeping …   New Dictionary of Synonyms

  • wholesale — [adj] all inclusive broad, bulk, complete, comprehensive, extensive, far reaching, general, in bulk, indiscriminate, in quantity, in the mass, large scale, mass, overall, quantitative, sweeping, total, wide ranging, widespread; concepts 771,772… …   New thesaurus

  • wholesale — selling in large quantities to businesses which will then resell to consumers in smaller quantities. Glossary of Business Terms * * * ▪ I. wholesale whole‧sale 1 [ˈhəʊlseɪl ǁ ˈhoʊl ] noun [uncountable] COMMERCE the business of selling large… …   Financial and business terms

  • wholesale — [[t]ho͟ʊlseɪl[/t]] 1) N UNCOUNT: usu N n Wholesale is the activity of buying and selling goods in large quantities and therefore at cheaper prices, usually to shopkeepers who then sell them to the public. Compare retail. Warehouse clubs allow… …   English dictionary

  • wholesale — whole|sale1 [ houl,seıl ] adjective 1. ) relating to the business of selling large quantities of goods, especially to people who are going to sell them in a store: a wholesale food market Wholesale prices fell last month. ─ compare RETAIL1 2. )… …   Usage of the words and phrases in modern English

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