Wholesaling: meaning, definitions and examples
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wholesaling
[ ˈhoʊlˌseɪlɪŋ ]
business context
Wholesaling refers to the act of selling goods in bulk to retailers or other businesses rather than to individual consumers. This practice usually involves the purchase of large quantities of goods, which are then sold at a discount to retailers who will sell them to the public. Wholesalers often serve as intermediaries between manufacturers and retailers, helping to distribute products effectively. Wholesaling can be an essential aspect of the supply chain, allowing for a smooth flow of goods from producers to consumers.
Synonyms
bulk selling, distributing, inventory sales, retail supply
Examples of usage
- The wholesaling of electronics has increased with online platforms.
- Many retailers rely on wholesaling to stock their shelves.
- Wholesaling food products can streamline the distribution process.
- Independent stores often benefit from wholesaling discounts to compete.
- Wholesaling helps new businesses access inventory affordably.
Translations
Translations of the word "wholesaling" in other languages:
🇵🇹 atacado
🇮🇳 थोक व्यापार
🇩🇪 Großhandel
🇮🇩 penjualan grosir
🇺🇦 оптовий продаж
🇵🇱 hurt
🇯🇵 卸売り
🇫🇷 vente en gros
🇪🇸 venta al por mayor
🇹🇷 toptan satış
🇰🇷 도매
🇸🇦 تجارة الجملة
🇨🇿 velkoobchod
🇸🇰 veľkoobchod
🇨🇳 批发
🇸🇮 velikoprodaja
🇮🇸 heildverslun
🇰🇿 опттық сауда
🇬🇪 სათხევური ვაჭრობა
🇦🇿 topdan satış
🇲🇽 venta al por mayor
Etymology
The term 'wholesaling' originates from 'wholesale', which is derived from 'whole' meaning 'complete' and 'sale' meaning 'the act of selling'. The word 'wholesale' itself can be traced back to the late Middle Ages, where it was used to refer to selling goods in bulk at lower prices. The practice of wholesaling became more organized with the rise of industrialization in the 19th century, as manufacturers sought more efficient ways to distribute their products. The advent of transportation developments, such as railroads and steamships, greatly impacted the wholesaling industry by allowing for larger scale distribution across regions. Over the years, wholesaling has evolved, particularly with the introduction of digital marketplaces, enabling wholesalers to reach a broader array of retailers than ever before.