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Wholesale is the process by which businesses buy large quantities of goods directly from manufacturers or distributors at discounted prices, with the intention of reselling those goods at a profit. The beauty of wholesale is that it allows businesses to purchase large quantities of goods at lower prices than they would have been able to if they bought them at retail. In turn, this allows businesses to offer products to their customers at lower prices than their competitors.
Third-party (3P) selling refers to a multi-vendor marketplace model where individuals or businesses can sell their products alongside those of the main retailer.
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