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Question
Explain the main features of wholesale trading in the world.
Explain
Solution
Main Features of Wholesale Trading in the World:
Wholesale trading serves as an important link between producers and retailers worldwide, allowing for large-volume transactions. The important characteristic is the bulk purchase and sale of items, which allows retailers to buy at a lower cost and sell to consumers. Wholesalers frequently provide storage, distribution, and logistical services, easing the strain on producers and retailers. Wholesale business is progressively shifting online as technology advances, allowing for more reach and efficiency.
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