Final answer:
The component that contains information about the cost of hiring a vendor and launching a new website is the budget.
Step-by-step explanation:
The component that contains information about the cost of hiring a vendor and launching a new website during the planning phase is the budget.
A budget is a financial plan that outlines the estimated income and expenditure for a specific period of time.
By tracking the cost of hiring a vendor and launching a new website in the budget, you can ensure that you allocate the necessary funds for these activities and manage the project's financial resources effectively.