State any five differences between wholesalers and retailers.

Question

WholesalersRetailers(i) Buy goods in large quantities.(i) Buy goods in small quantities.(ii) Buy goods directly from pro...

Accepted Answer

WholesalersRetailers(i) Buy goods in large quantities.(i) Buy goods in small quantities.(ii) Buy goods directly from pro...

Wholesalers	Retailers
(i) Buy goods in large quantities.	(i) Buy goods in small quantities.
(ii) Buy goods directly from producers.	(ii) Generally buy goods from the wholesalers.
(iii) Deals in a limited variety of goods.	(iii) Deals in a wide range of products.
(iv) Require more capital to start and run the business.	(iv) Require less capital to start and run the business.
(v) Sells goods for resale purposes.	(v) Sells goods for consumption.