Test Your Knowledge
Identify The Difference Between a Vendor and Supplier
- Between vendors and suppliers – which directly deals with items in bulk rather than selling a few products over time?
- Supplier
- Vendor
- True or false – vendors have an indirect relationship with the manufacturer
- True
- False
- Between vendors and suppliers – which has a B2B market relationship (meaning it links one business to another)?
- Vendor
- Supplier
- Between vendors and suppliers – input the word that fits each of the following statements:
-
- A is the first entity that takes products to retailers.
-
- A is the last entity that sells the product to the customer.
- True or false – vendors provide products and/or services that can be easily mimicked
- True
- False
Answers:
- Supplier
- True
- Supplier
- Suppler, Vendor
- False