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BPHARMOCT
The pharmacy council of India has introduced a new subject named “Drug store and business management” ▫ Syllabus is divided into two parts – part I commerce
DRUG STORE AND BUSINESS MANAGEMENT
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DRUGSTOREANDBUSINESSMANAGEMENT
Made by
Mr. Chetan C. Kedari
Chap-1-
Introduction
Commerce
Trade
Economics
Industry
Management
Introduction
Human life is based upon the principle ofwork.
One has to work to earn hislivelihood.
Pharmacy is one of theprofessions.
The pharmacy council of India has introduced a newsubject
Drug store and businessmanagement
Syllabus is divided into two parts part I commerce andpart
IIAccountancy.
The purpose of this subject is to familiarise the students with the basic concept of business, its proper management, sources of finances in order to run it successfully and the last ,the way and means to note down various transactions in books of account with a view to having a permanent record of thesame.
COMMERCE
Commerceisthataspectofbusinessactivitywhichis
concernedwiththedistributionofgoodsandservices producedbytheindustry.
COMMERCE
PRODUCERCONSUMER
TRADE
Trademeansbuying,sellingandexchangeofgoodsor
servicesformoneyorworth. Trademaybedescribedasthenucleusofcommercialactivity. Dealersordistributorsforthedistributionofgoodsfromthe productionunittotheconsumersatfaroffplacesareknown astraders.
CLASSIFICATION OFTRADE
INTERNAL TRADE
SALEAND
EXCHANGEOF
GOODS
INBOUNDARIES
OF ACOUNTRY
INTERNATIONAL
TRADE
SALEAND
EXCHANGE
OF GOODS
AMONG
DIFFERENT
COUNTRIES
INTERNATIONAL/ FOREIGNTRADE
Classification of Internationaltrade
Advantages
Of
Foreigntrade
Foreign
exchange
Increase in
government income
Benefitsto
consumersCultural development
Moreprofit
Industrialisation
Availability
ofalltypes ofgoods
Export of
excess production
Disadvantages
Mutual
dependence
Incentive to
colonization
Bad effects
oneconomy
Fear of
dumping
Foreign
competition
Effecton
culture
Shortageof
goods in a country
Exploitation
Activities revolving around trade:
Transport
Warehousing
Banking
Insurance
Packaging
Advertising andpublicity
TRANSPORT
It is the process of carrying the goods and persons fromone place toanother. It assists trade by moving goods from the place ofits production to locations where they are to be sold for consumption.
WAREHOUSING(STORAGE)
The places
wheregoods arestored
Warehousing
removes hindrance of time
The goods
may be suppliedtothe consumers as and when required
Types of
Warehouse
Privatewarehouses
owned bybigcompanies or single manufacturing units for the storage of their ownstocks.
Publicwarehouses
storage facilities tothe general public for a certaincharges
Bondedwarehouses
Are licensed to accept
imported goods for storage until the payment of custom duties aremade
BANKING
Hindrance of finance is removedby
banking.
A large amount of money is requiredfor
the production and marketing of goods andservices
The finance can be raised from own
resources, commercial banks, shares, debentures, financial institutions,trade creditorsetc. Banking system provides the following services toits customers: ¾It provides loans and advances for purchase ofraw materials andmachinery.
¾It also provides overdraftfacilities.
¾It allows the facilities of discounting ofbills. ¾It provides foreign exchange, issuing letters of creditsetc. thus giving assistance to foreigntrade.
INSURANCE
RISKS Fire
Accidents
Theft Storm
Floods
DRUGSTOREANDBUSINESSMANAGEMENT
Made by
Mr. Chetan C. Kedari
Chap-1-
Introduction
Commerce
Trade
Economics
Industry
Management
Introduction
Human life is based upon the principle ofwork.
One has to work to earn hislivelihood.
Pharmacy is one of theprofessions.
The pharmacy council of India has introduced a newsubject
Drug store and businessmanagement
Syllabus is divided into two parts part I commerce andpart
IIAccountancy.
The purpose of this subject is to familiarise the students with the basic concept of business, its proper management, sources of finances in order to run it successfully and the last ,the way and means to note down various transactions in books of account with a view to having a permanent record of thesame.
COMMERCE
Commerceisthataspectofbusinessactivitywhichis
concernedwiththedistributionofgoodsandservices producedbytheindustry.
COMMERCE
PRODUCERCONSUMER
TRADE
Trademeansbuying,sellingandexchangeofgoodsor
servicesformoneyorworth. Trademaybedescribedasthenucleusofcommercialactivity. Dealersordistributorsforthedistributionofgoodsfromthe productionunittotheconsumersatfaroffplacesareknown astraders.
CLASSIFICATION OFTRADE
INTERNAL TRADE
SALEAND
EXCHANGEOF
GOODS
INBOUNDARIES
OF ACOUNTRY
INTERNATIONAL
TRADE
SALEAND
EXCHANGE
OF GOODS
AMONG
DIFFERENT
COUNTRIES
INTERNATIONAL/ FOREIGNTRADE
Classification of Internationaltrade
Advantages
Of
Foreigntrade
Foreign
exchange
Increase in
government income
Benefitsto
consumersCultural development
Moreprofit
Industrialisation
Availability
ofalltypes ofgoods
Export of
excess production
Disadvantages
Mutual
dependence
Incentive to
colonization
Bad effects
oneconomy
Fear of
dumping
Foreign
competition
Effecton
culture
Shortageof
goods in a country
Exploitation
Activities revolving around trade:
Transport
Warehousing
Banking
Insurance
Packaging
Advertising andpublicity
TRANSPORT
It is the process of carrying the goods and persons fromone place toanother. It assists trade by moving goods from the place ofits production to locations where they are to be sold for consumption.
WAREHOUSING(STORAGE)
The places
wheregoods arestored
Warehousing
removes hindrance of time
The goods
may be suppliedtothe consumers as and when required
Types of
Warehouse
Privatewarehouses
owned bybigcompanies or single manufacturing units for the storage of their ownstocks.
Publicwarehouses
storage facilities tothe general public for a certaincharges
Bondedwarehouses
Are licensed to accept
imported goods for storage until the payment of custom duties aremade
BANKING
Hindrance of finance is removedby
banking.
A large amount of money is requiredfor
the production and marketing of goods andservices
The finance can be raised from own
resources, commercial banks, shares, debentures, financial institutions,trade creditorsetc. Banking system provides the following services toits customers: ¾It provides loans and advances for purchase ofraw materials andmachinery.
¾It also provides overdraftfacilities.
¾It allows the facilities of discounting ofbills. ¾It provides foreign exchange, issuing letters of creditsetc. thus giving assistance to foreigntrade.
INSURANCE
RISKS Fire
Accidents
Theft Storm
Floods