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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.
Whatâs the Difference Between Retail and Wholesale? Before you can make a decision between one or the other, you need to understand what each entails. In simple terms, retail means that you, the product manufacturer or producer, sell your product directly to the consumer.