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Definition

  1. All transactions in which the purchaser is actuated by a profit or business motive in making the purchase, except for transactions that involve a small quantity of goods purchased from a retail establishment for business use, which is considered a retail purchase.
  2. For U.S. Census of Business purposes, include the foregoing as based on the institutional structure of business establishments primarily engaged in wholesale trade.[1]

References

  1. ^ American Marketing Association. AMA Dictionary.

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