What Is The Meaning of Vendor Relations?


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Vendor Relations

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Vendor Relations- By developing strong relations with vendors, retailers may gain exclusive rights-

(1) To sell merchandise in a specific region,

(2) To buy merchandise with better terms than competitors who lack such relations, or

(3) To receive merchandise in short supply.

Relationships with vendors, like relationships with customers, are developed over a long time and may not be easily offset by a competitor.

 

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We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to contact@bms.co.in.

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