Definition, Meaning & Synonyms
distributorship
Noun
/dɪsˈtrɪb.jʊ.tər.ʃɪp/
Definition
A distributorship is a business arrangement where an individual or company has the rights to sell and distribute a product or a range of products on behalf of another company.
Examples
- The electronic device’s distributorship allowed local businesses to access advanced technology.
- She established a distributorship that successfully penetrated several markets.
- His goal was to secure a distributorship for the new line of organic foods.
Meaning
In a distributorship, the distributor often purchases goods from the manufacturer and then sells them to retailers or directly to consumers. This arrangement can provide significant advantages in terms of market reach and distribution efficiency.
Synonyms
- Distribution arrangement
- Sales agency
- Distribution franchise
- Wholesale dealership
