sole supplier

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Sole Supplier

Description:

A sole supplier refers to a person, company, or entity that is the only source or provider of a particular product or service in a given market or industry. Being the exclusive supplier grants them a monopolistic position, often leading to significant market control and pricing power.

Senses/Usages:

Noun: The only supplier or provider of a specific product or service in a particular market. It can be an individual or an organization.
Adjective: Describing something or someone as the exclusive supplier, presenting the notion of being the sole source available.

Sample Sentences:

The company had a contract as the sole supplier of computer chips for the major electronics manufacturer.
Being the sole supplier of rare gemstones, the jewelry store commanded high prices for their products.
The sole supplier agreement ensured that no other distributor could sell the brand's products in that region.
The manufacturer faced a dilemma when their sole supplier abruptly discontinued production.