Bulk buying

Question 1

Bulk buying definition

Answer 1

the purchase of large quantities of a particular product or products, typically at a discount

Question 2

Bulk buying economic benefits

Answer 2

reduces material costs which can be passed on to the customer helping competition, reduces final product cost (cost per unit)

Question 3

Bulk buying disadvantages

Answer 3

upfront costs, extra storage needed, potential wastage if expires