TYPES OF WHOLESALERS
Hey Everyone, How is your week so
far. The Month of April is beautiful isn't it? LOLZ, Yes it is. Well may you
experience all the Goodness of God for this month in Jesus name- Amen.
Today we are continuing where we
stopped last week with the above mentioned topic, so let's get started.
Wholesalers can be classified into two broad categories namely:
1. MERCHANT WHOLESALERS- They buy and resell goods on their
own account, taking title of the products they handle and conveying the title directly
to those they deal with.
FUNCTIONS OF MERCHANT WHOLESALERS:
a. They undertake the storage of
Goods.
b. They provide Delivery Services.
c. They arrange credit loans.
d. They provide Promotional
Services.
TYPES OF MERCHANT WHOLESALERS:
a. SPECIALIST WHOLESALERS- They
are wholesalers who restrict their services to a particular trade and area of
their specialization.
b. CASH AND CARRY WHOLESALERS- They
are wholesalers that don't offer Credit Facilities nor Delivery Services to
their Customers. They expect their Retailers to pick their Orders, Pay Cash and
Carry their Purchases.
