What Is The Meaning of Vendor Relations?


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Vendor Relations

 

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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