In the words of G.Black “Salesmanship consists of wining the buyer’s confidence for the sellers goods, thereby wining a regular and permanent customer”. With the revolution in the means of transport, the importance of sales functions has further increased. Goods are produced not only for selling in the home market, but also in other different countries of the world. There for manufacturers faces stiff competition. The Success of Business now depends as to how well the goods are sold in the market. Salesmanship thus is a life blood of a business and is an attempt to induce people to buy goods. There is a difference between selling and a salesmanship. Selling in the business refers to the process of transfer of goods or the services to a buyer in exchange of money. On the other hand, salesmanship is the ability to persuade people to buy goods and services. It is an art of persuasion.
Before talking about the various types of warehouses, it is important to talk about warehouse. “Warehouse is a place or an establishment for the safe storage of goods”. The warehouses are specially built for preserving goods from the time they are produced until they are needed for consumption. The warehouses built for storage of goods differ in sizes, designs and production depending upon the nature of goods and products.
A Joint Stock Company is voluntary association in which people contributes with capital in the forms of shares to carry on a certain type of business for earning profit”. Company operates in its own name under a common seal. It has separate body from its members. Below this post is all about the characteristics and features of joint stock company. You should aware of them all.
Today business has great importance in our lives, and we can easily see that people who own business are much successful in their lives. Before talking about the importance of business, lets talk about business first. The word “business” means the state of being busy. So “business” means all those human activities which are related to the production and distribution of goods and services with the object of earning profit. E.g. Farmer, Fisherman, Manufacturer.
Before moving towards the importance and various types of wholesalers, it is important to know the wholesalers definition. Wholesaling is defined as a set of activities that are carried out to sell a product or service to reselling business or entity. Wholesalers are involved in carrying out all these wholesaling activities. Mostly wholesalers purchase products or goods from the manufacturers and sell them to the industrial consumers, retailers and other wholesalers. No doubt, today wholesaling has great importance in the success of any business, even for big firms too wholesaling is really important to have. Below are the importance and different types of wholesalers, which comes under the process of wholesaling.