Meaning of the word distributorship in English

What does distributorship mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

distributorship

US /dɪˈstrɪb.jə.tɔːr.ʃɪp/
UK /dɪˈstrɪbjʊtəˌʃɪp/

Noun

the business of distributing goods to retailers or directly to consumers

Example:
The company is looking to expand its distributorship network.
He secured the exclusive distributorship for the new product in the region.