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SS1: COMMERCE - 1ST TERM

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  1. Introduction to Commerce | Week 1
    3 Topics
    |
    1 Quiz
  2. E-Commerce | Week 2
    1 Topic
    |
    1 Quiz
  3. History of Commerce | Week 3
    3 Topics
    |
    1 Quiz
  4. Occupation I | Week 4
    1 Topic
  5. Occupation II | Week 5
    3 Topics
    |
    1 Quiz
  6. Production, Division of Labour, Specialization & Exchange I | Week 6
    3 Topics
  7. Production, Division of Labour, Specialization & Exchange II | Week 7
    2 Topics
    |
    1 Quiz
  8. Home Trade | Week 8
    6 Topics
  9. Small Scale Retailing | Week 9
    6 Topics
  10. Large Scale Retailing | Week 10
    9 Topics
    |
    1 Quiz



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Lesson 8, Topic 2
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Meaning of Wholesale Trade

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Wholesale Trade is the act of buying goods in bulk or in large quantities from the producer and re-selling them to retailers in small quantities. The wholesaler is the person that does this and he is an intermediary between the producer and the retailer.

Some of the features of these types of trade are;

(a) Breaking of bulks
(b) Sales of goods to retailers in small quantities
(c) They are the link between the producers and retailers

The Wholesaler: This is a trader who buys from the manufacturer in large quantities and makes it available in small quantities to the retailers in order to make a profit.

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