markets around us

Markets Around UsMade By:- akshay Painjane School:- PIS nanded

Topic :- Wholesale

Markets

Cycle of Goods

FactoryWholesal

e Traders

Wholesale

MarketsRetailers Costume

r

Wholesale Traders

Person or firm that buys large quantity of  goods from various  producers or vendors and resells to retailers, where they are sold to consumers.

Able to extract a better price from the  manufacturer.

Wholesale Market

The market for the sale of  goods in large quantities to a retailer so that, it could be transported to the costumer.

Increase of prices of commodities (per quintal) in Wholesale Market

30-Jan 01-Feb 03-Feb0

2,000

4,000

6,000

8,000

10,000

12,000

Moong DalTur DalSugar

Functions of wholesale markets  The Wholesale Markets perform the following functions :-

physical exchange of produce.

sorting of produce on the basis of standard criteria, thus facilitating sales.

forming an equilibrium price for produce.

exchange of information between suppliers and buyers.

Benefits of the functions of wholesale marketsThe benefits of the functions of wholesale markets :-

Produce Protection

Improved Handling operations

Easier Introduction of Innovation and New Technology

Economic benefits of wholesale markets Wholesale markets encourage :-

Greater stability of supply and sale of produce

Improved market information (especially on prices)

Specialization of traders

Enhanced competition leading to improved efficiency in the exchange process

Improved inspection and quality control.

Disadvantages of setting up a Wholesale Market The Disadvantages of Wholesale Markets are :-

1. We have to consider a big storage space.

2. It requires a large amount of money buying wholesale products.

3. It requires a lot of your time doing a wholesale business since you will be responsible with shipping, inventory and marketing the products unlike with drop shipping.