DEALERSHIP Meaning and
Definition
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A dealership refers to a business establishment or entity that is authorized to sell and distribute particular goods, products or services, often with the exclusive rights granted by the manufacturers or suppliers. This authorization allows the dealership to act as a intermediary between the producers and the consumers, facilitating the sale and after-sales services related to the particular products or services.
Typically, a dealership is established through a legal agreement between the manufacturer or supplier and the dealer, which outlines the rights, responsibilities, and obligations of both parties. This agreement specifies the geographic region or territory in which the dealership has the rights to sell and market the products or services. In return, the dealership often agrees to meet certain sales targets, maintain specific standards or provide necessary support and customer service as required by the manufacturer or supplier.
Dealerships can be found in various industries, such as automotive, electronics, appliances, furniture, pharmaceuticals, and many others. For instance, an automobile dealership represents specific car manufacturers and is authorized to sell their vehicles. These dealerships often provide various services including sales, financing options, warranties, servicing, and repair facilities. Dealerships serve as a crucial link in the supply chain, ensuring the availability and accessibility of products or services to the end consumers.
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* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for DEALERSHIP
Etymology of DEALERSHIP
The word "dealership" originated from the combination of two separate words: "dealer" and "ship".
The term "dealer" has its roots in the Middle English word "dealen", which meant "to divide or distribute". It later evolved to refer to a person who sells goods or negotiates business transactions. The word "dealer" ultimately comes from the Old English word "dǣlan", which has similar meanings.
The word "ship" in this context does not refer to a vessel, but rather it comes from the Old English suffix "-scipe", which denoted a condition or state. Over time, this suffix evolved to express a position, office, or condition of holding a particular role.
Therefore, when the words "dealer" and "-ship" are combined, "dealership" encompasses the idea of the position or condition of being a dealer, selling or distributing goods.
Similar spelling words for DEALERSHIP
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