Wholesaler
Wholesaler is a merchant who buys goods from suppliers and manufacturers for sale to retailers.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Wholesaler. A merchant who buys goods from suppliers and manufacturers for sale to retailers.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Wholesaler. Merchandising companies that buy in bulk from manufacturers, mark up the prices, and then sell those products to retailers.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
