Reseller in the context of "Company (law)"

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⭐ Core Definition: Reseller

A reseller is a company or individual (merchant) that purchases goods or services with the intention of selling them for profit rather than consuming or using them. Resale can be seen in everyday life from yard sales to selling used cars.

Reselling creates a circulation of products, which extends the lifespan of products and reduces the amount of waste in landfills; a used clothing purchased over a new one saves an average about 1 kg of waste, 22 kg of CO2, and 3,040 liters of water.In 2023 the apparel resale market in the US reached approximately $193.7 billion.

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Reseller in the context of Intermediary

An intermediary, also known as a middleman or go-between, is defined differently by context. In law or diplomacy, an intermediary is a third party who offers intermediation services between two parties. In trade or barter, an intermediary acts as a conduit for goods or services offered by a supplier to a consumer, which may include wholesalers, resellers, brokers, and various other services. "Intermediation" refers to a process matching two sides of a market, such as buyers and sellers by a third party such as a broker, agent, or wholesaler. The most common example of intermediation is in the finance industry, where it involves the matching of lenders with borrowers by a bank.

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Reseller in the context of Iron Confederacy

The Iron Confederacy or Iron Confederation (also known as Cree-Assiniboine in English or Nehiyaw-Pwat in Cree) was a political and military alliance of Plains Indians of what is now Western Canada and the northern United States. This confederacy included various individual bands that formed political, hunting and military alliances in defense against common enemies. The ethnic groups that made up the Confederacy were the branches of the Cree that moved onto the Great Plains around 1740 (the southern half of this movement eventually became the "Plains Cree" and the northern half the "Woods Cree"), the Saulteaux (Plains Ojibwa), the Nakoda or Stoney people also called Pwat or Assiniboine, and the Métis and Haudenosaunee (who had come west with the fur trade). The Confederacy rose to predominance on the northern Plains during the height of the North American fur trade when they operated as middlemen controlling the flow of European goods, particularly guns and ammunition, to other Indigenous nations (the "Indian Trade"), and the flow of furs to the Hudson's Bay Company (HBC) and North West Company (NWC) trading posts. Its peoples would take part in the bison (buffalo) hunt, and the pemmican trade. The decline of the fur trade and the collapse of the bison herds sapped the power of the Confederacy after the 1860’s.

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