What do we mean when we say “wholesale”? Currently, there are several accepted meanings. The most common refers to the selling of merchandise to commercial, professional, institutional, industrial, or retail entities.
A wholesaler’s goods and/or merchandise is assembled, graded, or sorted in bulk or larger lots on the manufacturer’s end, and then redistributed in smaller lots to the types of entities mentioned above. It can also mean a person who acts as an agent or broker for the purposes of purchasing goods and/or merchandise for these entities.
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