markets around us
TRANSCRIPT
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.