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What are retailers and manufacturers?

Updated: 12/10/2022
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Retailers- A business which sells goods to the consumer, as opposed to a wholesaler or supplier which normally sell their goods to another business. Retailers include large businesses such as Wal-Mart, and also smaller, non-chain locations run independently such as a family-run bookstore

Manufacturer- Entity that makes a good through a process involving raw materials, components, or assemblies, usually on a large scale with different operations divided among different workers. Commonly used interchangeably with producer.

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