vendor

Vocabulary Word

Definition

'Vendor' is a business term for a person or company that sells products or services. It's like a shop, but can also mean the company that makes stuff or provide services.

Examples in Different Contexts

In retail, a store works with multiple vendors to stock its shelves. A retail buyer might state, 'We’re looking to expand our vendor base to include more local product suppliers.'

Practice Scenarios

Tech

Scenario:

The new software patch has been causing system crashes. We need to look into it.

Response:

Let's contact the software vendor to discuss these issues.

Business

Scenario:

The raw materials didn't arrive on time, which pushed our production schedule back.

Response:

Are our vendor contracts not specifying stringent delivery timelines?