What best describes wholesale transactions?

Wholesale transactions are characterized by the sale of goods in large quantities, typically to retailers or other businesses rather than directly to consumers. This practice allows wholesalers to offer products at reduced prices due to the volume of goods sold, making it a crucial aspect of the supply chain in many industries. Wholesalers purchase large quantities from manufacturers and then distribute them to various outlets, which can include retail stores, online merchants, and other businesses that then sell the products directly to consumers. This approach contrasts with retail sales, where products are sold individually or in smaller quantities directly to the end user.

In summary, the defining feature of wholesale transactions is the bulk sale of products to outlets, distinguishing them from retail or auction practices.