PCD PHARMA FRANCHISE BUSINESS FAQS
A pharmaceutical distribution company stands in the gap amid retailing pharmacies and drug manufacturing companies. This is an industry that is not affected by the recession and so an enterprise entrepreneur can invest into this business for better returns. To, however, commence this category of business, one would necessitate acquaintance of drugs and how distribution processes work in this domain.
One thing that must be done before the preliminary business stages is to hire an advisor who comprehends the industry. He would access the business concept and settle on if the business would sustain and make profits as it should to the prepared plan.
Also Read: How to Start Pharmaceutical Marketing Company in India?
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Q1. WHAT IS PHARMA FRANCHISE?
Pharma Franchise is a franchise business. Let’s understand what a franchise business is. When a company gives permission to a person or other company to sell its products by their name. It is called franchising a business.
A franchise is an agreement between the franchisee and the franchiser. The franchisee is the entrepreneur that is going to buy the franchise from the larger company also known as the franchiser.
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Q2. WHAT IS PCD PHARMA AND WHAT IS ITS FULL FORM?
Same as Pharma Franchise, Pharma PCD (Propaganda cum Distribution) Franchise refers authorization of distribution and marketing rights at monopoly basis provided by a pharmaceutical firm to Pharma distributor to use their company name or brand name on behalf of the company. PCD Full Form – Propaganda cum Distribution.
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Q3. IS PCD PHARMA DIFFERENT FROM PHARMA FRANCHISE?
No, both PCD and Pharma Franchise are the same thing.
Consider your intended market for PCD Pharma business and then select the ideal area for your product marketing. You can think of a pair of choices, check each of your selection and single out the best areas. You can further decide on the business sectors and the audience you want to target for your distribution or sales.
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Q4. IS CD (CASH DISCOUNT) BETTER OR SCHEME BETTER FOR THE CUSTOMER?
CD (Cash Discount) is better for the customer. The illustration is given below:
For example, a person wants to purchase medicine with cost 100 for one box
Under Cash discount:
Before Discount Cost of 10 box medicine = 1000 (100*10) i.e. 100 rupees per box and 10 rupees per strip
C.D 10%
After Discount cost of 10 box = (1000-100) 900 i.e. 900/10 = 90 rupees per box and 9 rupee per strip
Under Scheme
In the above case if the customer chooses the scheme (10+1)
The cost will be 1000 rupees for 11 boxes under this scheme i.e. cost of one strip 1000/110 = 9.1 approx.
Hence the Cash discount will be more beneficial to the customer than Scheme.
PCD Pharma franchise in India.
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Q5. WHAT ARE THE DIFFERENT MODES OF TRANSPORTATION OF GOODS?
The different modes of transport which are used for transportation of goods are air, water, and land transport which includes rail, road. The customer has to decide which transport is most suitable for him/her.
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Q6. WHAT IS GR/LR/BILTY?
GR stands for Goods Receipt. LR Stands for Lorry Receipt. These terms are the synonyms of Bilty. This receipt is made by the Transporter once the material is loaded on the vehicle for Delivery.
Also Read: How much Investment is Required to Start PCD Pharma Company?
Presently, if you are thinking to open a PCD Pharma franchise company in India, there are elements for you to consider such your objective market, strategy for success, incredible wonder, representatives, and numerous others. MediZeal Pharma is a Delhi based pharma franchise company offering monopoly rights to best pharma companies in India with top medical promotional schemes.
