We all know that all the business activities in the world involves selling and buying of goods and/or services. That means it involves the distribution of the goods/ services from the manufacturer to the consumer. Retailing is the last stage in this distributing process. While, wholesaling is the intermediate process where goods and services are sold to Business Customers. These business customers are the Retailers who buy goods/services from the wholesalers and sell it to the consumers accoring to their needs.

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A product is manufactured by an organisation is with a view to have it sold to its end customer and ... View the full answer