PCD Pharma Franchise Business FAQs – PCD Franchise business is the best way to become an entrepreneur. The business is very much in demand due to the rise in demand for medicines PAN India. Those who are new to this industry or business model may have many questions on their mind. There are a number of facts that one should know before making the decision of investing, we will give you an insight as to what one should know via PCD Pharma Franchise business FAQs.
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What is Pharma Franchise Venture?
It is when a company gives authority to another person to sell its product by its brand name. The possession is given to the franchise owner even though ownership lies with the company These people work has the third party members and direct sellers of the company. The pharma business has many scopes like distributor, wholesalers, chemists, stockiest, retailers etc.
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What is PCD Pharma franchise? What is its full form?
PCD refers to Propaganda-Cum-Distribution. Franchise means authorization of distribution and marketing right at monopoly basis given by a pharma company to pharma distributor to use their companies name/ brand name on behalf of the company.
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Difference between PCD Pharma and Pharma Franchise.
Both PCD Pharma and pharma franchise are the same, having nothing different. Pharma franchise enjoys the larger business location and credit facilities. It has many PCD franchise fall under its category.
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Is CD (Cash Discount) better or scheme better for the customer?
Yes, the cash discount is better than the scheme.
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What are the different modes of transportation of goods?
There are three modes of transportation i.e. air, water, land. The customer has to decide which transport which is most suitable can be used by the customer.
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What is GR/LR/ BILITY?
GR- goods receipt
LR- lorry Receipt
These two terms are synonyms of bility the transporter provides bility after the process of loading goods takes place.
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What is A Draft on delivery (DOD)? which transports providers it?
Draft on delivery is a feature through which a customer can pay at the time of delivery by demand draft for his goods. The demand draft is generated in the name of the company in the bank equal to the number of goods handed over to the particular transporter and the transporter in return releases the goods to the customer.
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What are the types of Pharma franchise marketing?
Pharma franchise marketing is categorized into two categories, one is a single party and second is multi-party distributors work at a large level.
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How much investment is required to start a pharma marketing company?
Investment in pharmaceutical marketing depends upon factors like a number of products, type of products, molecule, batch size, etc. If you want to start your own pharma then you may require around fifty thousand or more.
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What is Third party manufacturer?
The third-party manufacturing service refers to the outsourcing of product manufacturing under one’s name/brand. It is referred to outsourcing of product in the brand’s name from another manufacturing unit. It is very a new concept which is helping good companies to spread their base all over India. they are searching for good companies to
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What are the requirements for third-party manufacturing?
- Company profile,
- Address Proof, company, address, company
- Drug license number
- GST identification number
- Brand name nonresemblance
- Agreement for manufacturing
- Packing material printer
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Who is eligible to get pharma products manufactured at their own brand name?
In order to manufacture the product at his/ her own name then the holder must tell hold a wholesale drug license number.
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What is WHO-GMP?
WHO is the abbreviation for the World Health Organization and GMP ensures that the products are consistently produced and controlled according to quality standards. The WHO system analyses that the goods produced are in regards to the standards set or not. The WHO is much stricter in comparison to GMP. These two certificates are of great value. The certificate ensures that the best quality formulations are being produced that certify international standards.
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What is the sales tax?
Sales tax refers to the tax that was levied by the government on the act of sale of goods and services. It has been imposed on the Sales of goods and services that are produced or imported. It is levied by the state and the central government.
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What is monopoly right?
The monopoly right is one of the most sorts after right when it comes to pharma business. The holder enjoys the freedom and the right to rule over the market in regards to a particular commodity in a particular area. You enjoy the profits as there is no competition.
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How can you receive payment from a customer?
The various ways by which one can receive payment are as follow:
- IMPS
- RTGS
- NEFT
- CASH DEPOSIT
- DEMAND DRAFT (DOD)
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What are the required documents to apply for a franchise?
- Drug License copy (wholesaler/ retailer)
- GST
- Transport Road Permit (if applicable)
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Who can apply for pharma franchise?
Doctors, medical representative, Chemists, retailers, wholesalers or any individual in the pharma marketing.
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Why pharma franchise is better than doing a job?
- You become your own boss
- Profitability factor
- Growth opportunity
- Responsible for decision making
In this post we have tried our best to get all the frequent queries that are questioned, also must be coming up in your mind, answered. At Focus Healthcare, we make sure that our customers are satisfied and there is complete transparency in the working of the company. If you wish to know more about Us connect on:
Call: +91-9872032815, 9878295689
Email: info@pcdindia.com