Question 1

Is the Critical Care PCD franchise business profitable?

Accepted Answer

Yes, critical care products comprise medical devices and equipment used in technical labs, hospitals, and various industry departments. The franchise business in this sector is promising as the demand for such products remains high.

Question 2

Is there any difference between a PCD franchise and a pharma franchise?

Accepted Answer

PCD works on a smaller level, covers less area, and has a smaller budget in comparison to the pharma franchise which operates on a larger scale with a broad spectrum of operational areas and a bigger budget.

Question 3

How do pharma franchise companies protect the brand legally?

Accepted Answer

There are various Intellectual Property Rights (IPRs) granted to the owner company or an individual to protect their brand. The companies can register their brand name and logo as trademarks and a particular invention can be patented. This helps the company protect its brands.

Question 4

What are the legal documents required to start a critical care pharma franchise?

Accepted Answer

The documentation process is crucial to starting a franchise business in this range. Some of the important legal documents comprise a GST registration, a valid drug license, a company’s registration proof, and a No Objection Certificate (NOC).

Question 5

What things to take into account when partnering with the pharma company for critical care franchise business?

Accepted Answer

Before partnering with a company for a critical care franchise, one should check for various things such as the company’s reputation, legal documents and certifications, reputation, profit margin, and other existing franchise partners.

Question 6

Is there a chance of legal disputes arising in the critical care products franchise business?

Accepted Answer

There can be a little risk involved as the critical care products are supplied directly to the hospitals for patient care in different medicinal & surgical areas. One can mitigate this by researching the partner company thoroughly.

Question 7

What strategies can be attained to retain the customer base in critical care franchises?

Accepted Answer

Various strategies can be adopted to attain a strong customer base such as good relations with customers, offering unique services, asking for feedbacks, target marketing, providing assistance & personalized services, etc.

Question 8

What are the franchise contract terms with a supplier for critical care products?

Accepted Answer

For critical care or establishing a franchise business for any pharma products, the contract terms include the terms & conditions regarding the company’s policies, marketing strategies, trademark use, required training and ongoing support to the partner company, financial terms, etc.

Question 9

What are the prospects of establishing a pharma franchise business in critical care?

Accepted Answer

The prospects of establishing a franchise business in critical care are huge. All the products, equipment, and machinery are in high demand and the requirement for such products is never expected to subside.

Question 10

What are the important points to look for in a franchise agreement for critical care products?

Accepted Answer

The most important points to consider in the agreement are the terms & conditions regarding the finances involved, the company’s fee structure and payment methods, marketing fees, ongoing support, etc.

Critical Care Medicine Franchise in Rajasthan (16 Companies List)

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