Resale Retail Buying Focused Objectives Commercial Industrial Buying Explain Eg Q34256819

is resale/retail buying is focused on same objectives ascommercial /industrial buying? explain with e.g.

Expert Answer

Retail buying is focused on purchasing the commodities for thepurpose of reselling it to the end customers. The finished goodsare purchased in smaller quantities and then resold to thecustomers. The goods are purchased to meet the needs of the endcustomer. On the other hand, industrial buying is purchasing thecomponents or tools used for finished goods manufacturing to meetthe needs of the industrialists. It is purchased in bulkquantities.

Thus overall the objective of retail buying is different fromindustrial buying. Retail buying targets satisfying the needs ofthe end