Classification of Wholesale Intermediaries in the Census of Wholesale Trade: (Business Opportunities - Money Making)
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Classification of Wholesale Intermediaries in the Census of Wholesale Trade: | |
The Census of Wholesale Trade classifies wholesale intermediaries into distinct categories based on their business functions, ownership of goods, and mode of operation. The primary classifications include merchant wholesalers, who purchase and take title to goods before reselling them; agents and brokers, who facilitate transactions between buyers and sellers without taking ownership; and distributors, who specialize in supplying products to specific industries. Merchant wholesalers are further divided into full-service wholesalers, offering comprehensive services like storage, marketing, and financing, and limited-service wholesalers, focusing on specific functions like cash-and-carry, drop shipping, or mail-order wholesale. Agents and brokers earn commissions by connecting manufacturers, retailers, and business clients without handling inventory. Distributors, often tied to manufacturers, provide specialized logistics, inventory management, and product support. These classifications help businesses, economists, and policymakers analyze trade flow, supply chain efficiency, and market trends within the wholesale industry, ensuring accurate economic reporting and informed decision-making. More Info - https://www.thetradeinfo.com/trade-news/how-does-the-census-of-wholesale-trade-classify-wholesale-intermediaries/3365/ Visit Website - https://www.thetradeinfo.com | |
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2025-03-29 (0.524 sec)