👉 A company or individual that purchases goods or services with the intention of reselling them rather than consuming or using them
Alright class, settle down and let’s take a look! Today we’re tackling a word you might hear quite often – “reseller.” It’s a term that pops up in business all the time. The dictionary gives us a good definition, don't you think? Let’s break it down nice and slow: "A company or individual that purchases goods or services with the intention of reselling them rather than consuming or using them." Essentially, a reseller is like a middleman – they buy something, often in bulk, and then sell it to you ! Think about it like this: Imagine a store buys a whole bunch of toys from a factory. They don’t play with the toys themselves; instead, they sell them to you at a slightly higher price. That's a reseller at work! They're taking something that was made and moving it along to someone who does want to use or enjoy it. It could be anything - electronics, clothes, even books! Does that make sense? Any questions about whether they buy and then sell – are there any little rhymes you can think of to help remember what a reseller does? Let me know if you’d like some examples of resellers in action, or if you want to explore why companies choose to be resellers. Now, who wants to share an example they've seen?
