The phenomenon of shopping in modern times is linked very closely to consumer society that had emerged in the eighteenth century. A shop or a retailer is a business from where goods can be selected and these goods are traded or sold to customers for money or other goods. Though in the present times, the customer focus has mainly transferred towards online shopping. People sitting in any corner of the world can order products and online retailers deliver their products to their homes, offices or wherever they want. Online shopping saves energy of the consumers as they don’t need to go from stores to stores to select items and also helps in cutting the cost of travelling.
There are many consumers those who prefer bulk purchasing. The strategy is to buy in bulk for cheap price. This allows the consumer to satisfy more of his demands at a lower cost. Again wholesaling is to sell a large number of goods at a low unit price to retail merchants. Usually a factory is represented by a wholesaler where goods are produced. Economy of scale can be used by the owners of the factory to increase profit as quantities sold soars. With buying in bulks also comes availability of materials.
With a little planning and consideration of your pipeline before you make a purchase, buying in bulk can help you save money in the long run and build a positive reputation for your business. Bulk purchases can also lower the number of hours workers wait for materials to arrive to the jobsite. Saving maximum amount of dollars is often the main objective of a business and bulk purchases are one way of doing it. Therefore, the main idea of bulk concept is to sell a single item in large quantities to reduce per unit price.