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Reselling creates a circulation of products, whether that be clothes, technology, books, etc. This circulation extends the lifespan of products and reduces the amount of waste in landfills. [5] This process of reselling also minimizes the carbon footprint of clothes, potentially reducing it by approximately 82% versus purchasing new clothing. [6]
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In the banking industry "wholesale" usually refers to wholesale banking, providing tailored services to large customers, in contrast with retail banking, providing standardized services to large numbers of smaller customers. In real estate, wholesaling is the act of contracting to purchase real property, and assigning that contract to an investor.
Bulk purchasing or mass buying is the purchase of much larger quantities than the usual, for a unit price that is lower than the usual.. Wholesaling is selling goods in large quantities at a low unit price to retail merchants.
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