Wholesale buying involves purchasing goods in bulk directly from manufacturers or distributors at discounted prices. It is a common practice among businesses, particularly retailers and resellers, who purchase large quantities of products to sell at a profit.
Buying wholesale offers several advantages. It allows businesses to save money by eliminating retail markups and negotiating better prices. It also provides access to a wider selection of products and the ability to purchase in bulk, ensuring a steady supply of inventory. Historically, wholesale trade has played a crucial role in facilitating the distribution of goods from producers to consumers.