Definition of Wholesale: Product Sale in Large Quantities, Reduced Price

Accounting Definitions

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Wholesale Definition

Term Definition:
Wholesale products are sold in large quantities at a reduced price to retailers.

Extended Definition:
Because businesses buy more product at one time from wholesale suppliers, goods are cheaper per unit than retail goods. The more goods you buy from a wholesaler, the bigger the discount you receive will be.

Related Article
Buying Wholesale – For Business Owners

Last Updated By

Patriot Software | Nov 06, 2015

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