In this article I will tell you about the Pharma Franchise Model and how it is different from other franchise models. Along with Pharma Franchise, I will drop you some basic knowledge about the entire franchise model. Franchise marketing meaning varies from industry to industry. A franchise is a model of distribution and represents the most common business structure that enables the franchisor to capture recurring business from their franchisees. The franchisees are then able to earn profits from the same set of rules, systems and standardized products sold by other franchises across the country. In today's world of marketing, franchising has emerged as a lucrative option for new ventures as it simplifies and streamline the process of starting a business. With so much advanced equipment, efficient manpower, trained professionals etc., many entrepreneurs find it financially rewarding to take up a franchise business. What is Franchising? Franchising is a business strategy that involv
What is Prescription? Prescription means a written or electronic direction from a Registered Medical Practitioner or other properly licensed practitioners such as Dentist, Veterinarian, etc. to a Pharmacist to compound and dispense a specific type and quantity of preparation or prefabricated drug to a patient. Types of Prescription : Generally we can categorize prescriptions in three types Prescription for Extemporaneous preparations. Prescription for Official preparations. Prescription for Patent preparations Contents of the Prescription : A Prescription contains generally following contents: Prescribers office information – [Name, qualification, address & Regn. No.] Patient information – [Name & address, Age, Sex, Ref. No.] Date Rx Symbol or superscription Medication prescribed or inscription Dispensing directions to Pharmacist (or) subscription Directions for patient [to be placed on label Refill, special labeling and /or other instructions Prescriber’s signature and lic