Wholesaling is the act of buying goods in bulk from a manufacturer at a discounted price and selling to a retailer for a higher price, for them to repackage and in turn resell in smaller quantities at an even higher price to consumers. Due to the large quantities purchased from the manufacturer at a discounted price, the wholesaler can also pass on this discount to retailers. The retailer sells at a price that reflects the overall cost of doing business.Most wholesalers do not manufacture the goods they sell but rather buy them from the source and concentrate on the business of sales and delivery to retailers. They are known as the intermediary in the supply chain. It is more cost-effective for a wholesaler to buy in bulk from a manufacturer and receive a discount than it would be to buy items individually.A wholesaler may specialize in a single product or product category or may offer a variety of goods. It can be anything from milk to electricity. Some wholesalers also broker deals between other wholesalers and retail businesses that require a variety of goods, or components of goods, that can be more efficiently obtained from a single source.A wholesaler should not be confused with an "official distributor" for a brand's product line. The wholesaler does not generally offer product support, may not be connected directly to the company from which it purchases products, and may even have limited familiarity with the products. Moreover, unlike distributors, many wholesalers sell competing products.Wholesaling is one step in the supply chain, which also includes suppliers of raw materials, manufacturers of finished goods, and retailers to end-users. Retailers purchase goods from wholesalers and then sell them at a high enough price to cover their costs and generate profits.
Company Details
- Founded
- -
- Address
- Khagani Street, Baku,contiguous Azerbaijan,azerbaijan
- Industry
- Wholesale Appliances, Electrical, And Electronics
- NAICS
-
Household Appliances and Electrical and Electronic Goods Merchant WholesalersElectrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant WholesalersHousehold Appliances, Electric Housewares, and Consumer Electronics Merchant WholesalersOther Electronic Parts and Equipment Merchant Wholesalers
- HQ
- Baku, Contiguous Azerbaijan
Phonezo Az Llc Questions
Phonezo Az Llc's LinkedIn profile is https://az.linkedin.com/company/phonezo-az-llc
Phonezo Az Llc's industry is
Wholesale Appliances, Electrical, and Electronics
Phonezo Az Llc's top competitors are
Phonezone,
Shukurov Marketing Group,
Citomed Xroniki Xəstəliklərin Müalicəsi Mərkəzi,
Crm Construction,
Barkod Electronics,
Itsol,
Manever Construction,
Baku Electronics,
Lemon Construction,
Toscan Constructi̇on.
Phonezo Az Llc's categories are Wholesale Appliances, Electrical, and Electronics
Phonezo Az Llc's founding year is 2019
