answersLogoWhite

0

Must a business buy from wholesale to sale retail?

Updated: 8/16/2019
User Avatar

Wiki User

15y ago

Best Answer

No. Some companies sell their products directly to the public via mail order, the internet or their own retail outlets.

no, its not necessary to must buy from wholesaler,

but you have much profit if you buy products from wholesaler and sale it to retail,

these called drop shipping also,

Buy wholesale products from Online wholesaler and drop shipper at cheap discount rate and sell it to retail,

e.g. http://www.waysale.com/

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Must a business buy from wholesale to sale retail?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What do you understand by retail?

Retail is the sale of goods or services to the actual end user. As opposed to wholesale which imples sale to an interim party.


What is the definition of merchant?

one whose occupation is the wholesale purchase and retail sale of goods for profit


What is the difference in buying spa products at wholesale and retail price?

There is a large difference between wholesale and retail prices for any product. Wholesale price are much lower so the retailer is able to markup the price and make a profit off the sale of the item.


Explain the difference between wholesale and retail vehicle prices?

Wholesale: This is the selling process in which the bulk of unit purchase only can be done with lesser price in compared to maximum retail price. Retail Sale: This is the selling process in which a single or bulk units purchase can be done with maximum retail price.


Do you pay state taxes on imported good intended for retail?

In most all states, goods purchased for resale (whether it be at wholesale or retail resale), are exempt from sales tax. The tax being due on the sale to the user, at the higher value. In some states you must be a licensed vendor to claim this, otherwise you must pay the tax and get it refunded by credit when you make the final sale.


What is the meaning of wholesale?

Sale of goods by the piece or large quantity, as distinguished from retail., Pertaining to, or engaged in, trade by the piece or large quantity; selling to retailers or jobbers rather than to consumers; as, a wholesale merchant; the wholesale price., Extensive and indiscriminate; as, wholesale slaughter.


What two types of wholesalers are involved in the wholesale trade sector?

The two types of wholesalers involved in the wholesale business are those who sell goods on a business to business basis and those who arrange the sale of goods to others for a commission.


What are sales channels?

Sales channels are distribution points at which a sale takes place. This can be retail, wholesale, or anywhere else an exchange is made.


Is any shopping building in Hong Kong sale wholesale and retail clothing?

Yes, I visited many shopping stores in UK...But Wholesale Fashion is one of the best store in UK for Shopping..!! wholesaleshopping.co.uk


Is point of sale hyphenated?

Point of sale is a business term used to describe when the retail transaction is complete. The phrase "point of sale" is not hyphenated.


If I am buying something on sale is it also the retail price?

Yes. The retail price is the price you pay in a retail outlet (shops etc) for an item, as opposed to wholesale price which is what the shopkeeper would pay the supplier or manufacturer for many of the items. The sale price is a discount on the normal price the retailer is giving you. It is, however, still the retail price.


Liability of clearning trouble codes for auto retail?

In many places this is illegal as the car must pass emissions testing for retail sale and will not with a code that has not been repaired, not just cleared. So as it is Illegal, means loss of business licence and possible fine or arrest of business owner.