ENTREPRENEURSHIP

Detailed explanation-1: -A vendor is a general term for anyone who buys and sells goods or services. A vendor purchases products and services and then sells them to another company or individual. Large retailers, like Target, rely on many different vendors to supply products, which it buys at wholesale prices and sells at higher retail prices.

Detailed explanation-2: -The person who sells goods is called the seller.

Detailed explanation-3: -A wholesaler buys bulk amounts of products from a producer and sells it to the retailer based on their requirement. The retailer in turn sells these products to the customers. Q. A retailer cheats his wholesaler and customer both.