Who is a 'wholesaler' in the context of trade?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. A person who buys and sells in large quantities.
A wholesaler is a person who buys and sells goods in large quantities, usually from manufacturers or producers, and supplies them to retailers, other merchants, or industrial users. Wholesalers act as a link between producers and retailers by breaking bulk, storing goods, and ensuring smooth distribution. They do not usually sell directly to final consumers. Their main role is to facilitate trade by making products available in sufficient quantity, at the right time, and in different markets efficiently.