Wholesale and Retail Difference Explained with Thokmandee
Understanding the wholesale and retail difference is key for anyone starting a business. Wholesale involves buying goods in bulk from manufacturers and selling them to other businesses, usually at lower prices. Retail, on the other hand, means selling products in smaller quantities directly to customers at higher prices.
A great real-world example of wholesale is the Thokmandee—a traditional bulk market found in South Asian countries like Pakistan and India. In a Thokmandee, shopkeepers buy large quantities of products such as groceries, clothing, or electronics at
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