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Wholesale is a business in which goods are sold in large quantities to the retailers, industries and other businesses. When the goods are sold to the final consumer in small lots, then this type of business is termed as retail.
The points goiven below elaborates the fundamental differences between wholesale and retail trade: 1  Wholesale means the sale of goods in voluminous quantity, at a low price. 2  Wholesale creates a link between the manufacturer and retailer whereas Retail creates a link between retailer and customer.