Wholesale refers to the sale of goods in large quantities, typically to retailers or other businesses rather than to individual consumers. This model allows wholesalers to purchase products at lower prices and sell them in bulk, facilitating a more efficient supply chain. Wholesalers play a crucial role in connecting manufacturers with retailers, ensuring that products are available in the market.
In the wholesale industry, businesses often benefit from economies of scale, which can lead to lower prices for consumers. By purchasing large volumes, wholesalers can negotiate better deals with suppliers, ultimately passing on savings to their customers. This system supports a diverse range of industries, from food to electronics.