Question
Give the features of wholesalers.
Solution
Characteristics of wholesaler :
1. He is an essential link between producers in retailers.
2. He generally specialises in the purchase and sale of items of a particular line.
3. He deals in bulk quantities of goods only.
4. He invests large amount of capital in the stock of goods he deals in.
5. He provides advance to the producers for the manufacture of goods and services.
6. He provides credit facilities to the retailers.
7. He trades with a very low margin of profit.
