Wholesale price
The wholesale price is the price that a manufacturer or producer charges a business, such as a retailer or distributor, for goods purchased in bulk. This lower acquisition price allows merchants to set competitive retail prices while ensuring profit margins. This straightforward method is one of the strategies for setting wholesale prices that simplifies decision-making and ensures a significant profit margin. It’s more than the item’s wholesale or production cost, as it includes additional elements like overheads, operational costs, and of course, the retailer’s profit margin. Once you’ve dete …
