What is monopoly? Monopoly is a system of business wherein only a specific company or an enterprise becomes the supplier of a particular product. In monopoly marketing system, the seller does not have any competition since he is the sole seller of that particular good without any close substitute option. Advantages of monopoly system in pharmaceutical industry â—ŹResearch and development opportunities A monopoly pharma company gains a lot of profit which can be used to fund research facilities. This is extremely important in a pharmaceutical industry, since there will be…
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PCD pharma franchise: How is a company different from franchise?
Medicines have become a constant need of every person in this era. People are very much dependent on medicines and have almost developed an addiction of it. Almost every home have a patient who is taking medicines. So pharmaceutical companies have become a big business opportunity. But selling medicines all over the world single-handedly is nearly impossible. So the companies have developed new ways to increase their sales and distribute their product nationwide. Most popular are opening a pharmacy franchise or a PCD based pharma company. PCD stands for ‘propaganda-cum-distribution’.…
Read MoreBest PCD Pharma Franchise Company in India
PCD basically stands for Propaganda-cum-Distribution. Pharmaceutical industry is rising a lot, the marketing and distribution of the pharma company need to be crisp and precise according to the geographical area depending upon the needs of that particular area. So PCD is basically a term that is being used and known for the distribution and marketing rights of any Pharma company in this particular area of industry. Some technical terms which are related to PCD Pharma Franchise: Firstly we have understood till now that what is PCD for, the next which…
Read MoreBeginners’ Guide for Setting up a Successful PCD Pharma Franchise in India
Are you willing to begin your own pcd pharma franchise in chandigarh? Are you a novice in this industry? Often people with good sales experience target the ever-growing pharmaceutical industry to expand their career prospects. So if you are also thinking of starting your own profitable venture, here are some important things that you need to know at first. Experience and qualifications required for owning a franchise To be successful in a business, one needs to have enough experience to spearhead the company. In a PCD model pharma franchise, all…
Read MoreTop Pharma Franchise Company in India
One of the first things to do while starting a new pharma franchise business is to look for an ideal company. If you make a wrong choice, then you will run the risk of loss in your business even after your extreme effort. Most of the companies offering pharma franchise in India operate on the basis of P2P license and their products are manufactured by various other manufacturers. This can cause a lot of troubles, like: Problems with availability One of the biggest problems in PCD sort of marketing and…
Read MoreBegin PCD Pharma Franchise with the Best Pharma Franchise Company
Have you wanted to start a pharma franchise business in India? This blog is for you if your answer is yes. Continue reading to know the benefits of taking a pharma franchise from the best pharma franchise company in India. Also, we will throw light on appropriate measures to be taken before you sign off the pharma franchise agreement with a medicine franchise company. What is the Scope of Starting Franchise for a Best Pharma Franchise Company in India? Subsequent to having settled on a final pharma career choice, you…
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