Pure Monopoly is a situation where there is a single seller and no close substitutes for the products in the Market.
Having Pure Monopoly in PCD Pharma Franchise will have full control over the supply and possesses the market power to set the prices.
Having Monopoly is Pharma Franchisee business is important as it will have control over the Market and the distributors will have no threat of their business getting into Loss.
The Distributors will like to take franchise where there are no other sellers and no close substitute for the products in the Market.
Characteristics of Pure Monopoly In Pharma PCD Company:
Single Seller and huge Buyers: There will not be any other seller in the marker and the number of buyers will be huge as it is the only supplier in the Market.
Elimination of Close Substitutes: There will not be any close substitutes for the products in the market, as it is a Monopolistic Market. And there is no threat of substitutes in the Market.
Entry of New Sellers is Difficult: when the market is owned by a Monopolistic company it is difficult for the new sellers to enter the market.
Price Stabilisation: The demand and supply are controlled by the PCD company having Pure Monopoly, when the demand is controlled by the Monopoly Supplier, there will be a fixed price which all the buyers have to pay.
Benefits of having Pure Monopoly in PCD Pharma Franchise:
Having Monopoly in PCD company is important to both distributors and the manufactures, both get the benefits out of the monopoly market:
Distributors attraction: Distributors will like to take the Franchisee from a monopoly supplier as their will not be any threat for their sales from other sellers.
Distributors Commitments will be Safe: A distributor will commit the doctors to give a certain percentage of the sales made by doctor prescribing the product, if there is other seller who sells the same products then the distributor will end up in loss.
No Loss of Sales: If there are other seller in the same area and if they are offering the Chemist the same products with a lesser price the chemist will tend to buy from the other source and will impact on the sales of the distributor, But in case of Monopoly PCD pharma Franchise, there is no such possibilities of loss
Thus, having pure Monopoly in the PCD Pharma benefits the Distributors in every possible way to have a healthy business in the market. As the distributors are safe and have no risk of loss of sales, they will continue with the manufacturers and the manufacturer will also be safe without the threat of losing the distributors.
We at Mediday will provide the distributors with pure monopoly and eliminate the risk of other suppliers taking over the market. Mediday will eliminate the substitutes of the products in the market leading to healthy Business.PCD