Wholesale and retail trade

Wholesale and retail trade Industry

Wholesale and retail trade Industry?

Wholesalers and retailers are in the business of re-selling goods that have been purchased from suppliers. They bring goods produced in the province, or imported from other regions and countries, to the marketplace where they can be purchased by consumers.

Domestic trade, different from international trade, is the exchange of domestic goods within the boundaries of a country. This may be sub-divided into two categories, wholesale and retail. Wholesale trade is concerned with buying goods from manufacturers or dealers or producers in large quantities and selling them in smaller quantities to others who may be retailers or even consumers . Wholesale trade is undertaken by wholesale merchants or wholesale commission agents.

Retail trade is concerned with the sale of goods in small quantities to consumers. This type of trade is taken care of by retailers. In actual practice, however,manufacturers and wholesalers may also undertake retail distribution of goods to bypass the intermediary retailer, by which they earn higher profits.

Role of Shamkris

A Project Report is a document that provides details on the overall picture of the proposed business. The project report gives an account of the project proposal to ascertain the prospects of the proposed plan/activity.

Shamkris will provide a Project report covering Industry License requirements, competitor analysis, Land requirements, machinery requirements, equipment requirements, and financial requirements.

Some of the areas covered in the project report are outlined below:

Introduction
Project Description
Uses and Applications
Market Survey
Raw Materials
Manufacturing Process
Process Description
Process Flow Diagram
Plant Layout
Details of Plant & Machinery
Suppliers of Raw Materials
Suppliers of Plant & Machinery
Plant Location Factors
Land & building Required
Power and Water Required
Details of Manpower Required
Financials of the Project
License and application Certificate

Financials of the Project includes:

Land and Building Costs
Plant and Machinery Costs
Other Fixed Assets
Fixed Capital Investment
Raw Material Costs
Salaries and Wages
Total Working Capital
Cost of Project
Total Capital Investment
Cost of Production
Turnover per Annum
Profitability Analysis
5-year Profit Analysis
Break-even Point
Resources of Finance
Cash Flow Statement
Projected Balance Sheet

FAQ

What is the difference between wholesale trade and retail trade?

When a company manufactures any products it is first sold in bulk quantity to the wholesaler, who then sells it to the retailer and further the retailer sells it to the ultimate customers. … On the other hand, a retailer targets the audience is the final consumer and only sell goods only to them.

What is the difference between retail and wholesale?

In a wholesale model, you don’t sell products directly to consumers. Instead, you obtain products from a distributor and sell products to a third-party business, usually in bulk. … In a retailing model, you obtain products from a distributor and sell products directly to consumers.

What is meant by wholesale trade?

Wholesale trade consists of purchasingand selling goods, generally to retailers, professional (industrial or commercial) users or authorities, or to other wholesalers or intermediaries, regardless of the quantities sold.

What is the best wholesale business to start?

We have listed the 10 best wholesale business ideas to start:

Agrochemical Business. …
Furniture Wholesale Business. …
Organic Food Wholesale Business. …
Ayurveda Products Wholesale Business. …
Stationary Wholesale Business. …
Children’s Toys Wholesale Business. …
Kitchen Utensils Wholesale Business. …
Snacks Distribution Wholesale Business.