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Knowledge Base : General : Business
  1. What are the differences between a C&A/C&F agency and a stockist ?
    C&A/C&F means Carrying and Forwarding Agents who are basically Super stockists....
  2. What are the statutory reports a retail chemist should maintain ? How current should the reports be ?
    1. Schedule Register 2. Purchase Register for all drugs 3. Stock and Sales for a...
  3. What are the reasons for some businessmen wanting to track free item stock seperately ?
    Free items are given for volume purchase as a volume discount. So, they want to...
  4. What is the difference between tax invoice and retail invoice ?
    Tax invoice clearly indicates the VAT tax percentage collected for the specific...
  5. What is profit ?
    With respect to a transaction eg. A Sales Transaction, Profit is arrived by dedu...
  6. 5 compelling reasons for computerization by retailer ?
    1.To have control over his inventory where he can increase inventory turn-over a...
  7. Who are the debtors of a trader ?
    His customers...
  8. Who are the creditors of a trader ?
    His suppliers...
  9. What are the different ways in which a purchase return made by a retailer is adjusted by the supplier
    By raising a Credit Note, the distributor may adjust the value in the next invoi...
  10. What happens when a pharma stockist invoices a pharma retailer above the PTR purchase rate ?
    The profit pecentage of the retailer drops down [as the MRP is fixed]. Since the...
  11. What are the reasons for difference between the physical and computer stock
    1. Pilfirage [theft by customers and employees] 2. Breakage/Damage items dispose...
  12. What are the important operational efficiencies a distributor seeks ?
    High inventory turnover, high percentage of collection / no bad debt, high order...
  13. What does short-supply mean ?
    If there is lot of demand for a product and the availability is lesser than dema...
  14. What is the difference between a branch and a customer / supplier ?
    Supplier/Customer are those who sell/buy from you. But, a Branch is part of your...
  15. What is inventory type of leather belt ?
    Matrix...
  16. What is the typical gross margin for a pharma stockist on medical products ?
    8-10%...
  17. What are the major differences between patent pharma and generic pharma distribution ?
    The patent pharma products have a fixed sales price and the brand for this is pa...
  18. Why does a retailer use barcode ?
    To increase Billing speed and to maintain accurate control of inventory...
  19. What are the benefits of good inventory management ?
    You can satisfy your Customers by delivering goods on Time, improvise the good w...
  20. What is the typical gross margin in garment business ?
    30%...
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