TYPES OF WHOLESALERS.
Hey Guyz, It’s a Happy Tuesday to be Alive, Live,
Learn and have Fun. I don’t know about you but I am glad to be alive and be
well. I pray we are able to appreciate life more because there are sooooo many
people who would do anything to have the Peace and life that we have. So be
Grateful.
Today we are continuing from where we stopped in
commerce 101, with the above topic.
Wholesalers
can be classified into two board categories, namely:
1. Merchant
Wholesalers.
2. Agent
Middle Men.
MERCHANT WHOLESALERS
They buy and resell goods on their own account
taking title to the product they handle, and convey the title directly to those
they deal with.
The merchant Wholesalers are
the middlemen who take little to goods (purchase)
and sell them to retailers for further selling individual consumers
on piece meal basis. They purchase the commodities in bulk, operate warehouse
for storage, offer credit and goods to the retailers. They also sometimes offer
advice to the market retailers
as well as producers. They
are also persons who buy and sell goods with their own account and the
