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Encyclopedia > Cash and Carry

Cash and carry wholesale represents a type of operation within the wholesale sector. Its main features are summarized best by the following definitions: Wholesaling consists of the sale of goods/merchandise to retailers, to industrial, commercial, institutional, or other professional business users or to other wholesalers and related subordinated services. ...

  • Cash and carry is a form of trade in which goods are sold from a wholesale warehouse operated either on a self-service basis, or on the basis of samples (with the customer selecting from specimen articles using a manual or computerized ordering system but not serving himself) or a combination of the two. Customers (retailers, professional users, caterers, institutional buyers, etc.) settle the invoice on the spot and in cash, and carry the goods away themselves. (Eurostat, the European statistics authority).
  • Though wholesalers buy primarily from manufacturers and sell mostly to retailers, industrial users and other wholesalers, they also perform many value added functions, including selling and promoting, buying and assortment building, bulk-breaking, warehousing, transporting, financing, risk-bearing, supplying market information, and providing management services. (OECD -Organisation for Economic Cooperation and Development).
  • There are significant differences between "classical" sales at the wholesale stage and the cash and carry wholesaler: These differences are based in particular on the fact that customers of the cash and carry wholesaler arrange the transport of the goods themselves and pay the goods in cash and not on credit. (EU Commission Decision (Kesko/Tuko) of November 20, 1996 (97/277/EC)).

Wholesaling consists of the sale of goods/merchandise to retailers, to industrial, commercial, institutional, or other professional business users or to other wholesalers and related subordinated services. ... Wholesaling consists of the sale of goods/merchandise to retailers, to industrial, commercial, institutional, or other professional business users or to other wholesalers and related subordinated services. ...

Historic meaning

The policy of cash and carry established at the onset of World War II in 1939 revised the Neutrality Acts that were established by FDR in order to instill a sense of neutrality between the United States and the war that was raging in Europe. The economic situation in America was rebounding at this time but there was still a need for industrial manufacturing jobs. The Cash and Carry program helped to solve this issue and in turn America benefited through the sale of war supplies to her allies. Combatants Allied Powers Axis Powers Commanders {{{commander1}}} {{{commander2}}} Strength {{{strength1}}} {{{strength2}}} Casualties 17 million military deaths 8 million military deaths {{{notes}}} World War II, also known as the Second World War, was a military conflict that took place between 1939 and 1945. ... 1939 (MCMXXXIX) was a common year starting on Sunday (link will take you to calendar). ... The Neutrality Acts were a series of laws passed in the United States in the 1930s, in response to the growing turmoil in Europe and Asia that was to lead to the Second World War. ...


This program was also beneficial for the British and French in that they now had access to much needed war matériel. Germany was continually pushing further and further towards western Europe and the allied militaries were not fairing well in response to Germany's militarism.


So, any allied ship could make the risky trip across the North Atlantic to the American coastal ports and pay cash for war materials. These ships could then make the trip back to the European front and supply their militaries.


These efforts were extremely succesful in holding off the German advance as best as it could. However, this policy soon left European allies (primarily Britain) bankrupt and this forced American leaders to revise the plan. The revised plan is known as the Lend-Lease program. The Lend and Lease program stated that the European allies no longer had to pay cash, or arrange their own transportation. Instead, the United States would provide this for them and later payment was expected. The Lend-Lease program was a program of the United States during World War II that allowed the United States to provide the Allied Powers with war material without becoming directly involved in the war. ...


In either case the Cash and Carry / Lend and Lease policies both stretched American neutrality as long as it could be stretched. However, with the events of Pearl Harbor the American war effort switched from allied assistance to active engagement. Combatants United States of America Empire of Japan Commanders Husband Kimmel (USN) Walter Short (USA) Chuichi Nagumo (IJN) Strength 8 battleships, 8 cruisers, 29 destroyers, 9 submarines, ~50 other ships, ~390 planes 6 aircraft carriers, 2 battleships, 3 cruisers, 9 destroyers, 8 tankers, 23 fleet submarines, 5 midget submarines, 441...


Financial meaning

A form of arbitrage in which securities are bought in the cash market and a short forward contract entered into. In economics, arbitrage is the practice of taking advantage of a state of imbalance between two or more markets: a combination of matching deals are struck that exploit the imbalance, the profit being the difference between the market prices. ... A forward contract is an agreement between two parties to buy or sell an asset (which can be of any kind) at a pre-agreed future point in time. ...


  Results from FactBites:
 
Cash and carry - Wikipedia, the free encyclopedia (345 words)
The policy of cash and carry established at the onset of World War II in 1939 revised the Neutrality Acts that were established by FDR in order to instill a sense of neutrality between the United States and the war that was raging in Europe.
The Cash and Carry program helped to solve this issue and in turn America benefited through the sale of war supplies to her allies.
In either case the Cash and Carry / Lend and Lease policies both stretched American neutrality as long as it could be stretched.
cash-and-carry - definition of cash-and-carry in Encyclopedia (194 words)
Originally, cash and carry simply designates a method of making purchases where the customer pays the purchased goods immediately and takes them away himself -- as opposed to having the goods delivered and paying a bill later.
In the wholesale business the buyers usually (used to) get their goods delivered; "cash and carry" markets break this tradition by working more like a usual supermarket.
Nowadays, "cash and carry" markets are an important part of the wholesale market in many countries.
  More results at FactBites »

 
 

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