Who was a jobber? Explain its functions.?
Jobber was an old and trusted person employed by the industrialists.His job was to bring persons from his countryside for jobs.
Who was a jobber? Explain its functions.?
Jobber:
A jobber is a middleman who buys goods in bulk from the manufacturer or wholesaler and sells them in smaller quantities to retailers. They are also known as a wholesale dealer.
Functions of a Jobber:
The main functions of a jobber are as follows:
1. Buying and Selling in Bulk: Jobbers buy goods in large quantities from manufacturers or wholesalers. They then break these goods down into smaller quantities and sell them to retailers.
2. Providing Credit: Jobbers provide credit to retailers, allowing them to purchase goods even if they do not have the funds to pay for them upfront. This helps retailers to maintain cash flow and keep their business running.
3. Maintaining Inventory: Jobbers maintain a large inventory of goods, ensuring that retailers have access to a wide range of products. They also keep track of trends and demand, making sure that they have the right products in stock at all times.
4. Offering Competitive Prices: Jobbers offer competitive prices to retailers, as they are able to buy goods in bulk at a lower cost. This allows retailers to offer their customers competitive prices as well.
5. Providing Marketing Support: Jobbers provide marketing support to retailers, helping them to promote their products and increase sales. They may offer advertising or promotional materials, as well as advice on marketing strategies.
Conclusion:
In conclusion, a jobber is an important intermediary in the supply chain. They play a critical role in buying and selling goods in bulk, providing credit to retailers, maintaining inventory, offering competitive prices, and providing marketing support. Their services help to ensure that retailers have access to a wide range of products at competitive prices, helping to keep the retail industry running smoothly.
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