Final answer:
A vendor in QBO refers to a person or company that provides goods or services to a business in exchange for payment.
Step-by-step explanation:
In the context of QBO, a vendor is defined as a person or company that provides goods or services to a business in exchange for payment. Vendors can include suppliers, contractors, freelancers, or any entity with whom a business has a financial relationship.
For example, if a business purchases office supplies from a stationery company, the stationery company would be considered a vendor. Similarly, if a business hires a web designer to create a website, the web designer would be classified as a vendor.