What is franchise? Franchise is a term which is defined as an authorization granted by a government or company or organization to an individual or group enabling them to carry out specified commercial activities, for example acting as an agent or marketing or sale for a company’s products. Franchise is Anglo-french word means ‘Liberty’. Liberty …
Introduction: One of my clients questioned me that everything is perfect in Pharma. Everyone needs material on time, good quality products, a complete process, goes through in a systematic way. Everything is completely systematic, completely perfect in a way. But whenever we talk about payment or we ask for payment from a client, we demand …
In This Article, we will cover topic- PTR/PTS Calculator: Definitions of MRP, PTR and PTS MRP: MRP means Maximum Retail Price. It is the price at which customer will purchase any goods/services. It is inclusive of all taxes (GST). PTS: PTS means Price to Stockist. It is the price at which any company …
Investment is of three types generally:
Fixed Capital Investment (One Time investment)
Working Capital Investment (Investment to run a company)
Inventory Investment (Stock, Raw Material, packaging material etc.)
Alphabetical List of Medicines in NLEM 2022 5-aminosalicylic acid (Mesalazine/Mesalaine) 5-Fluorouracil 6-Mercaptopurine Abacavir Abacavir (A) + Lamivudine (B) Acetazolamide Acetylsalicylic acid Actinomycin D Activated Charcoal Acyclovir Adenosine Adrenaline Albendazole Allopurinol All-trans retinoic acid Alprostadil Amikacin Amiodarone Amitriptyline Amlodipine Amoxicillin Amoxicillin (A) + Clavulanic acid (B) Amphotericin Ba) Amphotericin B (conventional)b) Lipid Amphotericin Bc) Liposomal Amphotericin …
Net rates in the pharmaceutical industry refer to the prices at which drugs or medications are sold by seller to purchaser, excluding/including any taxes, rebates, or discounts. These rates are also referred to as net prices or net invoice prices. Calculating net rates in a pharma franchise involves several factors, including the cost of goods, …
What is prescription and Prescription Definition? Prescription is defined as a written, printed or in any other form document issued by a Registered Medical Practitioner or any other licensed practitioners e.g. Dentist, Veterinarian, BAMS etc which directs or instruct to a Registered Pharmacist to compound and/or dispense a specific type and quantity of preparation or …
Stock Register may be define as live document/file/software record which is used for maintaining company’s stock.
Setting up pharmaceutical manufacturing unit is lit bit difficult work as compare to setting up manufacturing units in other sectors. Drug and medicines are regulated through Drug and cosmetic Act & Rules in India. Pharmaceutical Manufacturing unit has to compile with many rules and regulations i.e. Drug and cosmetic Act & Rules plus factory act …
What is Customer Acquisition Cost? Customer acquisition cost is the cost spend to acquire a customer or get an order from a new customer. How to calculate Customer Acquisition Cost? In simple way, Customer Acquisition Cost (CAC) is calculated basically by dividing total marketing cost by number of customers/orders you get. Formula will be CAC …
