Definitions
- Referring to a business that sells goods in large quantities to retailers or other businesses. - Talking about a distributor who buys products from manufacturers and sells them to retailers. - Describing a supplier who provides products at a discounted price to businesses who buy in bulk.
- Referring to a person or business that sells goods or services directly to customers. - Talking about a seller who offers products at a market or fair. - Describing a supplier who provides products to businesses or individuals.
List of Similarities
- 1Both involve selling products.
- 2Both can be businesses or individuals.
- 3Both can offer products to customers or businesses.
- 4Both can be involved in the supply chain of a product.
- 5Both can negotiate prices with buyers.
What is the difference?
- 1Quantity: Wholesalers sell products in large quantities, while vendors may sell products in smaller quantities.
- 2Target Market: Wholesalers sell products to other businesses, while vendors sell products directly to customers.
- 3Price: Wholesalers offer products at a discounted price to businesses who buy in bulk, while vendors may offer products at a higher price to individual customers.
- 4Location: Wholesalers may have a warehouse or distribution center, while vendors may sell products at a physical location such as a market or online.
- 5Relationships: Wholesalers often have ongoing relationships with retailers or businesses, while vendors may have more casual or one-time interactions with customers.
Remember this!
Wholesaler and vendor are both involved in the sale of products, but they differ in terms of quantity, target market, price, location, and relationships. Wholesalers sell products in large quantities to other businesses at a discounted price, while vendors sell products directly to customers at a potentially higher price. Wholesalers often have ongoing relationships with retailers or businesses, while vendors may have more casual or one-time interactions with customers.
