The option monopoly is generally considered to have disadvantages, but, it can be advantageous for pharma, consumers, and social welfare society.
This article will explain major advantages of pharma monopoly. Why pharma industry should take monopoly seriously? Here are few reasons to answer this question-
- Development and Research
Monopolies have potential to make extraordinary profit. This earning can be used to fund high cost capital investment spending in pharma sector. Successful research can enhance products and slope down the costing in the long term. This thing plays crucial role in industries like telecommunication and aerospace as well.
- Scale economies
Increased output will help in decreasing the average production costs. Lower production cost will bring affordable products to the consumers.
- International competitiveness
A local firm may have monopoly power in its own country, but when it comes to global competition, there are more competitors challenging each other.
- Monopoly is a success mantra
Being a monopoly is completely a choice for a firm especially when it is efficient and dynamic. A monopoly is a success mantra and not explains inefficiency. Take instance of Google search engine that has gained monopoly power and considered as best firm for search engines.
Advantages Of Having PCD Pharma Franchise
You can start it without investment - If you have already spent many years while thinking of starting your own work and have strong network in the market, PCD pharma franchise can be the best option for you.
Advantages Of Having PCD Pharma Franchise
You can start it without investment - If you have already spent many years while thinking of starting your own work and have strong network in the market, PCD pharma franchise can be the best option for you.
1. Monopoly rights- You will enjoy whole liberty of have a monopoly right on the district or area you are covering.
2. No sales target- There is no such tough target exists to complete the sales target every month or year. However,
pharma franchise companies do offer some extra vouchers and goodies when the firm achieves expected target in a desired time frame.
So, pharma franchise monopoly company can be great option, no doubt. What do you think? Share your thoughts regarding this post with us.
