Posts

Showing posts from November, 2017

Role And Benefits Of Wholesale Market

Image
Any wholesale market can improve the efficiency in distribution of various articles by creating competition and producing conditions for transparent discovery of prices at a much lower cost. Thus, a wholesale market plays a vital role in vertical coordination of the markets, balancing supplies with the increasing demand and facilitating price information. The main functions of a wholesale market are given below: Physical exchange of goods and services Organization of the products on the basis of standard criteria, thus allowing sales in an effective manner as per the standardization of the quality, weights and measures. Generation of a balanced price as per the production. Exchange of information between the buyers and suppliers in a more effective manner. Hedging (risk of price fluctuation) and risk management   The primary aim of wholesale market is to enhance the efficiency of the product distribution pipeline. Wholesale markets also promote better price inform