preferred vendor Meaning in Cambridge Business English Dictionary
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Meaning of "preferred vendor" - Business English Dictionary

preferred vendor

noun [C]
 
 
( also preferred supplier, approved vendor) COMMERCE
a manufacturer or seller that has a continuing arrangement to provide a business or organization with products or services, often at a reduced price: It is not uncommon for firms to re-evaluate their preferred vendor list every three to five years.
(Definition of preferred vendor from the Cambridge Business English Dictionary © Cambridge University Press)
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