Understanding Business, 10th Edition

Published by McGraw-Hill Education
ISBN 10: 007352459X
ISBN 13: 978-0-07352-459-7

Chapter 15 - Distributing Products - Developing Workplace Skills - Page 431: 4

Answer

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Work Step by Step

When a product is wholesaled, it is sold by the manufacturer to another large entity in bulk. In contrast, retail involves buying a small number of the product that is then sold to the customer.
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