18:14
omg me too
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Warning
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LSDefine
Simple English definitions for legal terms
wholesaler
Read a random definition: Information Society Directive
A quick definition of wholesaler:
A wholesaler is someone who buys a lot of things and then sells them to stores or other people who sell things to regular people. They buy a lot of things at once so they can sell them for a lower price to the stores.
A more thorough explanation:
Definition: A wholesaler is a person or company that purchases goods in large quantities from manufacturers or distributors and then sells them in smaller quantities to retailers or other merchants, who then sell them to the end consumer.
Example 1: A grocery store purchases cases of canned goods from a wholesaler, who has bought them in bulk from the manufacturer. The grocery store then sells the individual cans to customers.
Example 2: A clothing store buys a large quantity of t-shirts from a wholesaler, who has sourced them from a distributor. The clothing store then sells the t-shirts to customers at a higher price than they paid the wholesaler.
These examples illustrate how a wholesaler acts as a middleman between the manufacturer or distributor and the retailer. They buy in bulk at a lower price and sell in smaller quantities at a higher price, making a profit on the difference. This allows retailers to purchase goods at a lower cost than if they were buying directly from the manufacturer, and it allows manufacturers to sell their products in larger quantities without having to deal with individual retailers.