Definition of 'Wholesale Trade'
The Wholesale Trade sector consists of establishments engaged in wholesaling merchandise (without transformation - generally) and rendering services incidental to the sale of merchandise.
The wholesaling process is an intermediate step in the distribution of merchandise. Wholesalers sell or arrange the purchase or sale of:
- Goods for resale (i.e. goods sold to other wholesalers or retailers)
- Capital or durable non-consumer goods
- Raw and intermediate materials and supplies used in production
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