what type of wholesaler provides physical facilities or an online location where buyers and sellers can come together to complete a transaction
a warehouse club
a drop shipper
a merchant wholesaler
an auction company
An auction company provides physical facilities or an online location where buyers and sellers can come together to complete a transaction.
The type of wholesaler that provides physical facilities or an online location where buyers and sellers can come together to complete a transaction is an auction company.
The type of wholesaler that provides physical facilities or an online location where buyers and sellers can come together to complete a transaction is an auction company.
To arrive at this answer, it is important to understand the different types of wholesalers mentioned in the question:
1. Warehouse club: A warehouse club is a type of retailer that sells merchandise in bulk at discounted prices to members. While they do facilitate transactions between buyers and sellers, they are not considered wholesalers in the traditional sense.
2. Drop shipper: A drop shipper does not maintain physical inventory but instead acts as an intermediary between the buyer and the manufacturer or wholesaler. When a customer places an order with a drop shipper, the product is shipped directly from the manufacturer or wholesaler to the customer. Drop shippers do not provide physical facilities for buyers and sellers to come together.
3. Merchant wholesaler: A merchant wholesaler purchases goods from manufacturers or other wholesalers and sells them to retailers, industrial, commercial, or institutional buyers. While they do play a role in facilitating transactions between buyers and sellers, they do not provide physical facilities or online locations for these transactions.
4. Auction company: An auction company conducts auctions where buyers and sellers come together to complete transactions. They provide physical facilities or online platforms for buyers and sellers to interact and bid on products/services. Auction companies are known for their live or online auctions where the highest bidder wins the item being sold.
Therefore, the correct answer is an auction company.