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State the differences between wholesale trade and retail trade.

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There are many differences between wholesale trade and retail trade:

Wholesale trade Retail trade
1. Wholesale trade refers to the marketing of goods in relatively large quantities. 1. Retail trade refers to the marketing of goods in relatively small quantities.
2. The turnover of a wholesaler is high. 2. The turnover of retailer is, generally, low.
3. A wholesaler buys goods from the producers or manufacturers. 3. A retailer, generally, buys goods from the wholesalers.
4. A wholesaler sells goods to the traders, i.e., the retailers. 4. A retailer sells goods to the final consumers.
5. As the wholesaler buys and sells in relatively large quantities, his scale of operations is large. 5. As the retailer buys and sells goods in relatively small lots, his scale of operations is small.

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