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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.
Wholesale markets can either be primary, or terminal, markets, situated in or close to major conurbations, or secondary markets.The latter are generally found only in larger developing countries where they are located in district or regional cities, taking the bulk of their produce from rural assembly markets that are located in production areas.
A trading company is a business that works with different kinds of products sold for consumer, business purposes.In contemporary times, trading companies buy a specialized range of products, shopkeeper them, and coordinate delivery of products to customers.
The Winding-up and Restructuring Act, an act of the Parliament of Canada, uses the following definition: "trading company" means any company, except a railway or telegraph company, carrying on business similar to that carried on by apothecaries, auctioneers, bankers, brokers, brickmakers, builders, carpenters, carriers, cattle or sheep salesmen ...
A wholesale fish market at Haikou New Port, China. Distribution of products takes place through a marketing channel, also known as a distribution channel. A marketing channel is the people, organizations, and activities necessary to transfer the ownership of goods from the point of production to the point of consumption.
Costumes of merchants from Brabant and Antwerp, engraving by Abraham de Bruyn, 1577. The English term, merchant comes from the Middle English, marchant, which is derived from Anglo-Norman marchaunt, which itself originated from the Vulgar Latin mercatant or mercatans, formed from present participle of mercatare ('to trade, to traffic or to deal in'). [1]
Wholesale markets. Primary wholesale markets: Held once or twice per week, these sell produce from local villages e.g. Rice Bazaar at Thissur in Kerala. Secondary wholesale markets (also known as mandis): Smaller merchants purchase from primary markets and sell at secondary markets. A small number of primary producers may sell direct to mandis.
Commerce is the organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered large-scale distribution and transfer (exchange through buying and selling) of goods and services at the right time, place, quantity, quality and price through various channels among the original producers and the final consumers within local ...