DISTRIBUTORSHIP Meaning and
Definition
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A distributorship refers to a type of business arrangement where an entity (known as the distributor) acquires the right to sell or distribute products or services on behalf of a manufacturer or supplier. This is typically done through a legally binding agreement between the distributor and the manufacturer, outlining the terms and conditions of the partnership.
In a distributorship, the distributor is granted exclusive or non-exclusive rights to sell the manufacturer's products within a specified geographic area or market segment. The distributor takes on the responsibility of marketing, promoting, and selling the products to the end consumers or other business entities. The distributor may also provide after-sales service, warranty support, or technical assistance.
The distributorship model offers several advantages for both parties involved. For the manufacturer, it allows them to expand their market reach and increase sales without the need to establish an extensive sales force or invest in additional infrastructure. On the other hand, the distributor gains access to quality products or services that they can offer to customers, often with established brand recognition and customer loyalty.
The terms of a distributorship agreement can vary widely, encompassing factors such as pricing, delivery schedules, territorial restrictions, product support, and termination conditions. It is crucial for both parties to engage in clear communication and negotiation to establish a mutually beneficial relationship and maintain a successful distributorship.
Top Common Misspellings for DISTRIBUTORSHIP *
* 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 DISTRIBUTORSHIP
- distirbutorship
- sistributorship
- xistributorship
- cistributorship
- fistributorship
- ristributorship
- eistributorship
- dustributorship
- djstributorship
- dkstributorship
- dostributorship
- d9stributorship
- d8stributorship
- diatributorship
- diztributorship
- dixtributorship
- didtributorship
- dietributorship
- diwtributorship
- disributorship
- Distributureship
Etymology of DISTRIBUTORSHIP
The word "distributorship" is derived from the base word "distribute", which originated from the Latin word "distribuere". "Distribuere" was formed by combining the prefix "dis-" meaning "apart" or "in different directions", and the root word "tribuere" meaning "to assign" or "to allot". The suffix "-ship" is a common suffix used to turn a noun into another noun, indicating a status, condition, or quality. Therefore, "distributorship" is formed by combining the word "distribute" with the suffix "-ship", indicating the status or condition of being a distributor.
