answersLogoWhite

0

A business that buys and resells product goods is typically referred to as a retailer or a wholesaler. Retailers purchase products from manufacturers or wholesalers and sell them directly to consumers, while wholesalers buy in bulk and sell to retailers or other businesses. This model allows for the distribution of goods to a wider audience, facilitating commerce in various markets. Examples include online marketplaces, brick-and-mortar stores, and e-commerce platforms.

User Avatar

AnswerBot

1w ago

What else can I help you with?

Related Questions

What is the definition of a merchandising business?

A business that buys finished goods and resells them. Ex: Best Buy


What is wholesale merchant?

An institution that buys goodsfrom manufacturers, takes titleto goods, stores them,and resells and ships them


What is a type of business that buys goods in large amounts and resells them to other businesses in smaller lots?

wholesale businesses.


Who buys goods and services?

the person who likes the product


What is wholesale in tourism?

Wholesale is a term used in tourism. It means a person or firm that buys large quantity of goods from various producers or vendors, warehouses them, and resells to retailers. Wholesalers who carry only non-competing goods or lines are called distributors.


What is sale on account?

where a person or organisation buys on account, meaning they get the goods or product and will pay for them at a later date.


a person who sells for good profit?

A trader is a person who either buys goods and resells them, like a merchant who runs a store or a person who buys and sells stocks and bonds. The original meaning of trader was "one engaged in commerce," meaning someone who makes a living buying things and selling them at a profit. Originally, traders would literally trade goods for other goods, while today most of them trade goods for money. Financial traders work solely with money, buying and selling currency, stocks, bonds, and funds.


Who is a person who buys things?

a oerson that buys goods are called a consumer


What is the person who buys a product called?

The person who buys a product is typically referred to as a "consumer." In a broader context, they may also be called a "customer," especially in retail settings. These terms highlight their role in the marketplace as individuals who purchase goods or services for personal use or consumption.


Who buys recycled goods?

consumers


Who buys and sells goods?

newdiv


What is the difference between a reseller and a distributor?

A reseller is a company or individual that purchases goods or services with the intention of reselling them rather than consuming or using themDistributor - An entity that buys noncompeting products or product lines, warehouses them, and resells them to retailers or direct to the end users or customers. Most distributors provide strong manpower and cash support to the supplier or manufacturer's promotional efforts. They usually also provide a range of services (such as product information, estimates, technical support, after-sales services, credit) to their customers.