There are business that do not need wholesale distributors, as online commerce expands, the supply chains are shrinking, e.g. Xiaomi is a Chinese smartphone manufacturer that only sells its phones online, and it is the fourth largest cellphone manufacturer in the world.
There are 5 elements in developing a retail strategy:
The statement ‘When people
conduct business without regard for government controls on price or quantity is
called a black market’ is true. The transactions made in the black market is
illegal because it does not follow the set of rules by the government.
