Wholesaled Meaning: Definition, Examples, and Translations
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wholesaled
[ˈhoʊlˌsiːld ]
Definition
business transaction
Wholesaled refers to the process of selling goods in large quantities at lower prices, typically to retailers or other businesses rather than to individual consumers. This method of distribution allows sellers to move larger volumes of products and benefit from bulk pricing.
Synonyms
distributed, resold, supplied.
Examples of usage
- The company wholesaled its products to local shops.
- They wholesaled the merchandise directly to distributors.
- Many electronics are wholesaled to big-box retailers.
- The farmer wholesaled fresh produce to grocery stores.
Translations
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Interesting Facts
Economic Impact
- Wholesaling plays a crucial role in supply chains, allowing manufacturers to sell to retailers who then sell to consumers.
- This method of selling helps reduce costs for both producers and retailers, making products more affordable for end-users.
Industry Practices
- Wholesalers often offer products at discounted prices, which is attractive for retailers looking to maximize profit margins.
- Many wholesalers operate online now, making it easier for businesses to order large quantities without visiting a physical store.
Cultural Aspects
- In various cultures, wholesale markets are essential for local economies, providing a venue for farmers and artisans to sell surplus goods.
- The concept of wholesaling can be seen in community-supported agriculture, where individuals buy into directly from farms in bulk.
Retail Dynamics
- The rise of e-commerce has significantly transformed wholesaling, with many businesses shifting towards online wholesale operations.
- Retailers often engage in wholesaling to stock exclusive products that are not available in regular stores, creating a unique shopping experience.
Origin of 'wholesaled'
Main points about word origin
- The term combines 'wholesale', meaning a trade of goods in bulk, and 'sale', indicating a transaction for money.
- The word 'wholesale' has been in use since the late 16th century, originating from Middle English and Old English terms.
The term 'wholesale' originates from the Middle English word 'wholes', which means 'to sell in large quantities'. The prefix 'whole' suggests selling entire stocks or volumes as opposed to retailing, which typically involves selling items individually or in smaller amounts. In the late 15th century, the usage began to distinguish between the different methods of trade and commerce. It was fully established in the late 19th century with the growth of industrialization and the formation of large-scale distribution networks. The concept facilitated the rise of department stores and modern retailing, where products could be bought in bulk and then sold in smaller quantities to individual consumers.