Business Relationships: How Close Should You Be With Your Clients?
Every business owner wants strong relationships with clients. We often hear that successful businesses are built on trust, communication, and long-term partnerships. But an important question remains: What should the ideal relationship between a business and its clients be? Should it be: Over the years, countless books and articles have been written on this topic. […]
Read MoreHow to Become Master in Pharma Franchise and pcd Pharma Business?
Free Pharma Franchise and PCD Pharma Business Course Module 1: Introduction to Pharma Franchise and PCD Pharma Module 2: Business Setup and Planning Module 3: Product Selection and Portfolio Management Module 4: Marketing and Sales Strategies Module 5: Distribution and Supply Chain Management Module 6: Advanced Topics in Pharma Franchise and PCD Pharma Final project: […]
Read MoreMoney Makers: The 10 Most Successful Biotech and Pharmaceutical Companies in the Business
Top 10 biotech and pharmaceutical companies based on profit: As per the report of statista.com, profit of top 10 biotech and pharmaceutical companies.The most profitable pharmaceutical companies typically have a strong portfolio of patented drugs and a successful research and development pipeline. Here are some of the top pharmaceutical companies based on their profits as per […]
Read MoreHow to calculate Maximum Retail Price (MRP), price to retailer (PTR) and price to stockist (PTS)?
[responsivevoice_button voice=”UK English Female” buttontext=”Listen to Post”] 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 […]
Read MoreHow much investment needed to start a Pharmaceutical 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.)
Read MoreHow to Calculate Net Rates in Pharma?
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, […]
Read MoreWhat is Stock Register? How to Maintain Stock Register?
Stock Register may be define as live document/file/software record which is used for maintaining company's stock.
Read MoreUnderstanding Customer acquisition cost?
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 […]
Read MoreWhat are the different types of pharmaceutical marketing?
Pharmaceutical marketing can be done through following ways Branded pharmaceutical marketing Generic pharmaceutical marketing Franchise/Pcd pharmaceutical marketing OTC pharmaceutical marketing Institutional pharmaceutical marketing (Tenders, Hospitals, pharmacy chain etc) Online pharmacy marketing Branded pharmaceutical marketing: Pharmaceutical companies marketing approach centered around Doctors and Hospitals. Pharmaceutical companies market their products through medical representatives, providing samples and sponsoring […]
Read MoreHow to Choose Name for New Pharmaceutical and Ayurvedic Company or Business?
Choosing name for new company is always a difficult and most important task. Whether it is small shop, a retail counter, distribution, cnf, institutions or big/small companies, Name is their identity. We trust a product by a name, A name associated with that product. When we see a logo, A Name come in our mind. […]
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