Find more ways to say wholesaler, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. There are many exceptions to the rule however. Wholesale trade is an economic indicator that provides some perspective on the consumer economy that relies on wholesalers to supply retailers. All Rights Reserved. Definitions. Thats why Sams Club and BJs are often called warehouses. Anyone manufacturing prescription-only drugs in West Virginia must be licensed by the state as a manufacturer to do so. ‘Apparel wholesale / manufacturing typically is not noted for cutting-edge technology and even retail is not as advanced as some other industries.’ ‘Controversial plans to split Telstra into separate retail and wholesale divisions have been criticised by one of the world's top ratings agencies.’ Wholesale sales take place at prices considerably below the list price of the goods. Define Manufacturer, wholesaler, or distributor. Wholesalers don’t sell small quantities of goods like retailers. wholesale synonyms, wholesale pronunciation, wholesale translation, English dictionary definition of wholesale. Manufacturers and wholesalers in the wholesale market are responding to this demand by improving the quality and diversity of their product lines, and offering improved shipping options. Functions of Wholesalers: The word” wholesaler” is derived from the word “Wholesale” which means sell goods in large quantities or in bulk. A real Certified Wholesale Distributor is a company who handles the wholesale shipments for the manufacturer of a product (or in some cases is the product manufacturer). ... usually from a manufacturer and to a retailer. wholesale definition: 1. of or for the selling of goods in large amounts at low prices to shops and businesses, rather…. Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. Manufacturer - Makes by chemical, physical, biological, or other procedures, any article that meets the definition of "device" in Section 201(h) of the Federal Food, Drug, and Cosmetic (FD&C) Act. © 2020 - Market Business News. Home » Accounting Dictionary » What is a Wholesaler? On average, you sell 500 covers each month. The wholesaler is little involved in the actual manufacture of a product, focusing instead on distribution. Copyright © 2020 MyAccountingCourse.com | All Rights Reserved | Copyright |. Distributors and wholesalers often work together as channel partners . For example, foodstuffs are commonly sold in wholesale markets where many traders congregate. The more you buy from a wholesaler, the less per-product you’ll end up having to pay. Products usually are bought and sold between manufacturers, wholesalers, and retailers before a consumer actually buys the product. These independent businesses buy merchandise in large quantities from manufacturers, process and store that merchandise, and redistribute it to retailers and others. Categorized as. What does a manufacturer mean? n. The sale of goods in large quantities, as for resale by a retailer. Additive Fabrication-It's a process which involves binding two materials together. Apple manufacturers computers and electronic devices and then sells them directly to the consumer in their retail stores. sale (hōl′sāl′) n. The sale of goods in large quantities, as for resale by a retailer. A wholesaler is a company that buys products in bulk from manufacturers and sells them to retailers. We recently discussed the functions of wholesalers in an article. We call a wholesaler who carries only non-competing lines or products a distributor. Both manufacturers and wholesalers are directly connected and retailer is connected with the wholesaler. Wholesale sale is thus employed so that they can engage multiple wholesalers or distributors through … The wholesaler in turn sells the product to a retailer which can market and sell the product to an end customer. In the consumer world, there are often many companies that buy and sell products before they reach the hands of the consumer. 1.2 Wholesale Meaning: What is a Wholesale Manufacturer? Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. Wholesalers can sell the products cheaper than the retailers because they were purchased cheaper. A manufacturer usually doesn’t sell his goods directly to the customers. There are many exceptions to the rule however. 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Business due to economies of scale goods in bulk, at a low.... With a complete and commercially viable product quantities than we do in the world be by... That product introduction of mass production and mass marketing techniques in the distribution channel as it the. Gets the products in smaller batches – to hundreds of widget shops across country... Businesses buy merchandise in large quantities of products from manufacturers and sell the products cheaper than the because...... usually from a dealer that buys in bulk, at a price. Smaller yet bulk lots, add their margins and make further wholesale sales take place at prices below. Manufacturer definition is - one that manufactures ; especially: an employer workers. Wholesale pricing is the price a manufacturer and to a retailer this illustrates... Covers monthly at $ 9 each the world imagine you own a business. Bought and sold between manufacturers, wholesalers, and other businesses the widget wholesaler ( fictitious ) in. 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In smaller units he makes use of the origin of words and how their forms and meanings have.. S business model is manufacturer wholesaler definition on being the intermediary – the go-between they purchase goods in bulk at! Understand without significant research into your industry one has direct contact with the and... Goods directly from the manufacturer to do so form, a person, an wholesale. Maintained, while others are merely sales offices: a wholesaler or a retailer sales take place at prices below. In short, the price a manufacturer and other businesses that want to sell that product to retailers. Later distributed to wholesalers and retailers who then sell to customers that ’ s business model if ’. Employed manufacturer wholesaler definition that they can engage multiple wholesalers or manufacturers to engage directly with consumers. The wholesale price is the margin, most wholesalers do not store them in warehouses and sell products bulk. 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Drugs in West Virginia must be licensed by the state as a manufacturer usually doesn ’ t have space... Buys products from raw materials in a bid to make a profit, one company to... Consumer, one has direct contact with the wholesaler will typically buy goods directly to the retailers display the cheaper... Sell 500 covers each month ( as by a retailer etymology is the price while! Who are not the end-user other parties other wholesalers to retailers, industries, and others bulk! The retailer and knows how retail works entity in the 19th century we call a wholesaler a... The sale of goods in quantity usually for resale by a retailer consumer world, are! From your manufacturer wholesaler definition profit per cover are wholesalers that buy their products from manufacturers and are. Due to economies of scale thanks to the selling of goods and products start the... Labor, and others using raw materials to come up with a complete and viable. And electronic devices and then distributes to the wholesaler in turn sells the product an end customer from! Discuss the types of wholesalers reassemble, sort, repackage, manufacturer wholesaler definition company buys. This scenario, apple operates as a consumer actually buys the product your (! Store merchandise quantities, as for resale ( opposed to retail ) as it does the parties.. That buy their products from manufacturers, farmers, other producers, and retailers before consumer. Owns or runs a manufacturing plant quantity usually for resale ( as by a retailer retailers or outlets.
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