Concept
What is wholesaling and who purchases products from wholesalers?
IntroductionToBusiness OP 8D04gAa / 12.2. Wholesaling*
"12.2 Wholesaling 2. What is wholesaling, and what are the types of wholesalers? Wholesalers are channel members that buy finished products from manufacturers and sell them to retailers. Retailers in turn sell the products to consumers. Wholesalers also sell products to institutions, such as manufacturers, schools, and hospitals, for use in performing their own missions. A manufacturer, for instance, might buy computer paper from Nationwide Papers, a wholesaler. A hospital might buy its cleaning supplies from Lagasse Brothers, one of the nation’s largest wholesalers of janitorial supplies. Sometimes wholesalers sell products to manufacturers for use in the manufacturing process. A builder of custom boats, for instance, might buy batteries from a battery wholesaler and switches from an electrical wholesaler. Some wholesalers even sell to other wholesalers, creating yet another stage in the distribution channel. Types of Wholesaler Intermediaries The two main types of wholesalers are merchant wholesalers and agents and brokers. Merchant wholesalers take title to the product (ownership rights); agents and brokers simply facilitate the sale of a product from producer to end user."
Related Ideas
- What is wholesaling, and what are the types of wholesalers?IntroductionToBusiness OP 8D04gAa · Summary of Learning Outcomes
- How do distribution channels and marketing intermediaries move products to end users?IntroductionToBusiness OP 8D04gAa · Glossary
- What is the nature and function of distribution and wholesaling?IntroductionToBusiness OP 8D04gAa · Summary of Learning Outcomes
- Who are the marketing intermediaries in a distribution channel?IntroductionToBusiness OP 8D04gAa · 12.1. The Nature and Functions of Distribution (Place)*
- What is the nature and function of distribution?IntroductionToBusiness OP 8D04gAa · Summary of Learning Outcomes
- What is the nature and function of distribution and supply-chain management?IntroductionToBusiness OP 8D04gAa · 12.1. The Nature and Functions of Distribution (Place)*
- How do distribution channels reduce transactions and ease the flow of goods?IntroductionToBusiness OP 8D04gAa · 12.1. The Nature and Functions of Distribution (Place)*
- How are business products classified?IntroductionToBusiness OP 8D04gAa · 11.6. What Is a Product?*