what is vendor ? what is their work?
Answers
Answer:
What Is a Vendor?
A vendor is a party in the supply chain that makes goods and services available to companies or consumers. The term "vendor" is typically used to describe the entity that is paid for goods that are provided, rather than the manufacturer of the goods itself. However, it is possible for a vendor to operate as both a supplier (or seller) of goods and a manufacturer.
How a Vendor Works
A vendor, also known as a supplier, is a person or a business entity that sells something. Large retail store chains such as Target, for example, generally have a list of vendors from which they purchase goods at wholesale prices that they then sell at retail prices to their customers.
Answer:
A vendor is an individual or company that supplies goods and services to businesses or consumers. Vendors are also commonly referred to as suppliers. You could consider retailers to be vendors because they supply products directly to consumers.