oboloo Glossary

Third Party

Third Party

A third party is an entity that is not part of the customer-supplier relationship, but is involved in some way to support it. In a business context, third parties can take on various roles, such as:

-Analyst: A company that provides analysis or research on another company or industry

-Consultant: A company that provides advice or guidance to another company

-Partner: A company that has a strategic alliance or joint venture with another company

-Vendor: A company that sells products or services to another company

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