posted on 06-06-2019
Vendor
Updated October 1, 2019
What is a Vendor?
A vendor is a company or person that sells goods or services.
How Does a Vendor Work?
Vendors sell accounting services, food, electricity, hair styling, maid service, toilet repair, and just about anything else imaginable.
Why Does a Vendor Matter?
Vendors don't just sell goods and services, they also buy goods and services from other vendors. For instance, Company XYZ might be an accounting services vendor, but it also purchases office supplies from other vendors.
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