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by VICTOR Mon
1

The buyer is the consumer or the destination for a product or service . Buyers can be people shopping for themselves , or they can be procurement departments within large purchasing goods to run their operations . A buyer's main goal is to find the quality product at the right price to satisfy a need .

The seller is the entity that directly with the buyer to facilitate a . Sellers focus heavily on , customer service , retail experiences , and . A seller can be a local boutique , a massive retail , or a third - party merchant on an online platform . They take products , them to the public , and exchange them for money .

The vendor is the or manufacturer that provides the products in the first place . Vendors typically operate the scenes , selling items in large rather than individual pieces . They usually do not sell to the final consumer ; instead , they sell their inventory to businesses ( the sellers ) who then handle the retail side of things .

How They Work Together

In a standard retail setup , the relationship moves in a straight line . First , the manufactures the product and sells it in bulk to the . Next , he marks up the price to cover their overhead and make a profit . Finally , the seller places the item on a shelf or website , where the purchases it .

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