Definition, Meaning & Synonyms
distributorship
Noun
ˌdɪstrɪˈbjuːtəʃɪp
Definition
A distributorship is a business arrangement where one party (the distributor) has the right to sell or distribute products for another party (the supplier) in a specified area.
Examples
- She secured a distributorship with a well-known beverage company, allowing her to sell their products in her region.
- The company expanded by granting distributorships to local businesses to increase their market reach.
Meaning
It refers to the relationship between a supplier and a distributor, where the distributor is responsible for selling a product or product line to retailers or customers.
Synonyms
- Agency
- Representation
- Franchise
- Dealership