Enlist the functions of wholesaler trade.

Solution

The wholesalers, in the process of distribution of commodities, perform the following functions :

1. Assembling : They assemble goods produced by different manufacturers at one place.

2. Transporting : They provide quick and efficient transportation of commodities far and wide.

3. Storing : They store different types of goods and make them available for sale at the right time. Thus, they keep their funds locked up in different commodities during the intervening period.

4. Grading : They help in grading and standardization of goods which help the consumers in making intelligent choice.

5. Financing : They finance the manufacturers as well as the retailers during the period which starts from manufacturing of goods and ends when the goods finally reach the consumers. This they do by purchasing manufactured goods for cash from manufacturers and selling them to retailers on credit. This may rightly be termed as the most important function of the wholesalers.

6. Risk bearing : The wholesalers by purchasing and storing goods in bulk bear the risk due to fall in demand of commodities.

7. Dispersing : They help in dispersal of goods in different markets through retailers.

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Internal Trade

Enlist the functions of wholesaler trade.

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