Entity: VENDOR
A vendor is a person or business that sells goods or services to another entity, whether it be other companies, consumers, or government agencies.
VENDOR
Etymology
The word 'vendor' originates from the Latin word 'vendere,' which means 'to sell.'
Definition
A vendor is an individual or entity that provides goods or services to another party, typically in exchange for payment.
Historical Context
Vendors have been an integral part of commerce throughout history, from street vendors in ancient civilizations to modern online retailers.
Cultural Significance
Vendors play a crucial role in the economy by facilitating the exchange of goods and services between producers and consumers.
Related Concepts
Vendors are closely related to suppliers, retailers, and distributors in the supply chain management process.
See Also
A vendor is an individual or entity that provides goods or services to another party, typically in exchange for payment.