Wholesaling consists of the sale of goods/merchandise to retailers, to industrial, commercial, institutional, or other professional business users or to other wholesalers and related subordinated services.[1] A drawing of a self-service store Retailing consists of the sale of goods/merchandise for personal or household consumption either from a fixed location such as a department store or kiosk, or away from a fixed location and related subordinated services (Definition of the WTO (last page). ... Wall Street, Manhattan is the location of the New York Stock Exchange and is often used as a symbol for the world of business. ...
According to the United Nations Statistics Division, Wholesale is the resale (sale without transformation) of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise, to such persons or companies. Wholesalers frequently physically assemble, sort and grade goods in large lots, break bulk, repack and redistribute in smaller lots, for example pharmaceuticals; store, refrigerate, deliver and install goods, engage in sales promotion for their customers and label design."[2]
The merchant wholesale sector also includes the individual sales offices and sales branches (but not retailstores) of manufacturing and mining enterprises that are specifically set up to perform the sales and marketing of their products.
Produce wholesalers must be on the job before dawn to receive shipments of vegetables and fruits, and they must be ready to begin delivering goods to local grocers in the early morning.
Wholesaletrade workers are spread throughout the country, have relatively low union membership, and are more likely to work full time than are workers in most other industries.
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