Question

persons or firms providing goods and services to organisations are called
a)suppliers
b)buyers
c)sellers
d)Purchasers

Answer 1

Option A, suppliers, is correct.

People or firms providing goods and services to organisations are known as suppliers.

Suppliers provide a variety of things ranging from basic raw materials, materials required for processing, equipment, packing etc. They also provide services required by organisations, the most common being man-power. Computing, logistics, storage space, advertisement etc. are some of the other services provided by suppliers.

Answer 2

Persons or firms providing goods and services to organizations are called Suppliers.

Option: (a)

Explanation:

• The suppliers have a major role to play since they provide a product or service to another entity.  

• It could be in the form of raw materials and other items required for the manufacturing of goods or services.  

• They provide high-quality products that are critical to the success of any business.  

• The suppliers also provide information, advice, and credits in their supplies to the business organizations. It is important to maintain good relations with suppliers.

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