What is Pharma Franchise?
A pharma franchise is a business model in which a pharmaceutical manufacturing company offers exclusive selling and marketing rights to a business owner. In this model, the franchisee offers convenience and liberty in terms of business, product procurement, order quantity, investment, and marketing!
To understand the pcd pharma franchise in business terms, first of all, we need to understand the term franchise first.
The franchise is the business agreement between the company or supplier and seller. In the Pharma business, PCD Pharma Company is called the sector supplier, Pharma manufacturing company, or wholesaler.
Similarly, Sales professionals, retailers, distributors, and franchisees are known as sellers.
The duty of a seller is to sell the pcd pharma products and services produced by a supplier. Both of them decide on expenses and a profit margin between each other.
The supplier is responsible for product development promotional inputs and stock handling. Sales and marketing with other advertising investment is handled by the seller.