2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
There are a lot of borrowed words in Russian. Among them is the word "vendor" we are considering. What this word means, you will learn in this article.
Varieties of companies
They are different. Some produce and sell, some just buy and sell. They are also called resellers. And which of them is the most attractive to the buyer?
Of course, the one who has his own production. It has a lot of advantages, among which, for example, the ability to offer goods and services at competitive prices. And such companies can monitor the quality of their products and products sold.
Another category is those who first buy goods from wholesalers larger than them, and then are forced to sell the same products at a higher cost in order to make a profit. As a rule, such organizations sell their goods to small enterprises, small entrepreneurs. Everyone has their own niche.
Interpretation of the word
So where does this information come from? What is a vendor? We are very close to the solution! You already know something about him. This is a company that belongs to one of the categories listed.
There is a reseller and there is a vendor. What does the word mean? There are thosewho do not produce, but sell. And there are those who manufacture and supply their products, whether goods or services, under their own brand.
Advantages of manufacturing companies
We have already noted that it is a pleasure to work with them, if only because they are directly responsible for quality, besides, the prices for their products are lower than those of resellers. The following points are also important.
Suppose that one organization purchased equipment (no matter what) and it broke down. If the product was purchased from the seller-manufacturer, then the issue of warranty repair is resolved quickly. If bought from a reseller, then this business may be delayed or not end in anything good for the buyer. That is why many large organizations want to know who the seller is - a reseller or a vendor.
What does this word mean, we have considered. We noted the advantages of cooperation with vendors. If you are an entrepreneur, keep this in mind, even if you buy a few products, because vendors are also different. There are large producers and small ones. Many are starting to produce products in small volumes.
For reference
What is the history of this term? The word in question came to us from English: vendor is derived from the Latin vendere, meaning "to sell."
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