Hospitals are slowly moving to manufacture their medicinal requirement on their own premises. The Health Committee has recommended the setting up of manufacturing units for I.V. fluids.
Apart from the sterile manufacture of large volume fluids and other Parenterals, hospitals can manufacture non-sterile liquid preparations, externals, and bulk preparations.
Hospitals are slowly moving to manufacture their medicinal requirement on their own premises. The Health Committee has recommended the setting up of manufacturing units for I.V. fluids.
Apart from the sterile manufacture of large volume fluids and other Parenterals, hospitals can manufacture non-sterile liquid preparations, externals, and bulk preparations.
Hospital and Clinical Pharmacy | Hospital | D. Pharmacy Second YearSHIVANEE VYAS
HOSPITAL is an organization that provides a special facility and working for the care of patients through the physicians, surgeons, and team of technical staff. It also provides facilities for diagnosis, therapy, prevention, education, and research.
Codes of pharmaceutical ethics
In relation to his trade
In relation to his Job
In relation to his Profession
In relation to Medical Profession
Pharmacist's Oath
it is GTU based syllabus chapter and all the points are covered like... handling of prescription , etc... very helpful for pharmacy students...and its in easy language..
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The term ‘Industry’ refers to that part of business activity that relates to production processing or fabrication of products.
The goods are called Consumer goods if used by final consumers and Capital or Producer goods if used in the production of other goods.
The industry may be divided into four distinct types on the basis of:-
-Types of goods produced
-Size and amount of investment
-Capital employed
-Official classifications of industry
This act gives an idea about the constitution and functions of PCI. Brief about Education Regulation in India. Registration procedure for the pharmacist in India.
State pharmacy council and joint state pharmacy council:
Under the Pharmacy Act each Sate Govt. is required to constitute a state pharmacy council for the maintenance of register of Pharmacists of the State and to monitor their professional activities.
Two or more states can also enter into an agreement to form a Joint State Pharmacy Council.
COMMUNITY PHARMACY AND MANAGEMENT – CHAPTER -1................... (1).pptSumit Tiwari
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Hospital pharmacy: Hospital and Clinical Pharmacy SHIVANEE VYAS
The hospital pharmacy may be defined as that department of the hospital that deals with procurement, storage, compounding, dispensing, manufacturing, testing, packaging, and distribution of drugs. It is also concerned with education and research in pharmaceutical services. A hospital pharmacy is controlled by a qualified pharmacist.
The hospital pharmacy exerts a great deal of influence on the professional status of the hospital as well as the economics of the total operational cost of the institution. Modern-day hospital pharmacy also provides clinical pharmacy services of drug monitoring and drug information system.
This presentation is related to the drug price control order in India. It will give an idea to the readers how the prices have been fixed for the formulations. How the price has been calculated for scheduled formulations.
DSBM Chapter 3: Channels of Distribution SHIVANEE VYAS
Distribution means the process of transferring the product from the factory into the hands of its consumer. The distribution channels are the various outlets through which products move from manufacturers to consumers.
There are different channels of distribution and the selection of an appropriate one depends on the requirements of the manufacturer, the needs of the consumer, and the nature of the product.
https://youtu.be/gkyxy5zLJ74
Hospital and Clinical Pharmacy | Hospital | D. Pharmacy Second YearSHIVANEE VYAS
HOSPITAL is an organization that provides a special facility and working for the care of patients through the physicians, surgeons, and team of technical staff. It also provides facilities for diagnosis, therapy, prevention, education, and research.
Codes of pharmaceutical ethics
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In relation to his Job
In relation to his Profession
In relation to Medical Profession
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it is GTU based syllabus chapter and all the points are covered like... handling of prescription , etc... very helpful for pharmacy students...and its in easy language..
Drug store and business management I Chapter 1 I D. PharmacySHIVANEE VYAS
The term ‘Industry’ refers to that part of business activity that relates to production processing or fabrication of products.
The goods are called Consumer goods if used by final consumers and Capital or Producer goods if used in the production of other goods.
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-Capital employed
-Official classifications of industry
This act gives an idea about the constitution and functions of PCI. Brief about Education Regulation in India. Registration procedure for the pharmacist in India.
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Under the Pharmacy Act each Sate Govt. is required to constitute a state pharmacy council for the maintenance of register of Pharmacists of the State and to monitor their professional activities.
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COMMUNITY PHARMACY AND MANAGEMENT – CHAPTER -1................... (1).pptSumit Tiwari
A community pharmacy, often referred to as retail pharmacy or retail drug outlets, is places where medicines are stored and dispensed, supplied or sold
Hospital pharmacy: Hospital and Clinical Pharmacy SHIVANEE VYAS
The hospital pharmacy may be defined as that department of the hospital that deals with procurement, storage, compounding, dispensing, manufacturing, testing, packaging, and distribution of drugs. It is also concerned with education and research in pharmaceutical services. A hospital pharmacy is controlled by a qualified pharmacist.
The hospital pharmacy exerts a great deal of influence on the professional status of the hospital as well as the economics of the total operational cost of the institution. Modern-day hospital pharmacy also provides clinical pharmacy services of drug monitoring and drug information system.
This presentation is related to the drug price control order in India. It will give an idea to the readers how the prices have been fixed for the formulations. How the price has been calculated for scheduled formulations.
DSBM Chapter 3: Channels of Distribution SHIVANEE VYAS
Distribution means the process of transferring the product from the factory into the hands of its consumer. The distribution channels are the various outlets through which products move from manufacturers to consumers.
There are different channels of distribution and the selection of an appropriate one depends on the requirements of the manufacturer, the needs of the consumer, and the nature of the product.
https://youtu.be/gkyxy5zLJ74
Meaning of business, Classification of Business, Industry, types of industry, commerce, trade, aids to trade, forms of business, sole proprietary concerns, cooperative society, meaning, characteristics, advantages and disadvantages, partnership firms, meaning, characteristics, advantages and disadvantages, types of partners, LLP.
CHAPTER 2 INDUSTRY AND COMMERCE - NIOS X BUSINESS STUDIES
Classification of Business activities – Industry and Commerce
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Business – Meaning, Nature, Scope
Objectives of Business
Essentials of a successful business
Business Environment
Internal Factors
External Factors
Emerging opportunities in business
E-Commerce
Introduction to Business Organization
Forms of Business Organization
National Business
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3. INDUSTRY
The term ‘Industry’ refers to that part of business
activity which relates to production processing or
fabrication of products..
The goods are called Consumer goods if used by
final consumers and Capital or Producer goods if
used in production of other goods.
5. Genetic industries: producing and multiplying
certain species of plants and animals for the purpose of
earning profit from their sale.
Eg: Breeding farms,
Poultry farms.
6. Extractive industries: concerned with extraction or
drawing out the products from natural sources such as
soil, air or water.
Eg: Oil exploration,
Forestry,
Agriculture.
8. Manufacturing industries: engaged in production of
goods wherein the raw materials or semi manufactured
goods are converted into finished products.
Eg: Pharmaceutical industry
Manufacturing industries are
further subdivided into :
Analytical industries
Synthetic industries
Processing industries
Assembling industries
9. 1. Analytical industries: engaged in manufacturing of
products by analysing and separating differerent
elements from the same material. For example,
fractional distillation of crude oil refinery industries.
2. Synthetic industries: where two or more than two
materials are mixed together in a manufacturing
process to make a new product.
Products like various chemicals, drugs, soaps,
cosmetics, fertilizers are produced by synthetic
industries.
10. 3. Processing industries: raw materials are processed
through different stages of production to produce final
product. For example drugs, pharmaceutical
industries, paper, sugar industries etc.
4. Assembling industries: where the parts or
components are assembled to make a useful product.
For example production of cars, scooters, television,
computers etc.
11. 2. Based on size and investment
Light industries: These industries involve a small
capital investment and have a short duration
production cycle.
Eg: Industries involved in the production of collapsible
tubes, rubber tubes, tin containers etc.
Heavy industries: These industries need a big
capital investment and also involve a longer production
cycle.
Eg: Iron and Steel industries.
12. 3. Based on capital employed:
Large scale industries: involves higher capital, large
number of workers, machinery
and tools.
Small scale industries: Capital involved is not more
than 10 lakhs in plant and
machinery.
13. 4. Official classification of industries:
The industries are classified according to the type of
products produced by them as given under the, First
schedule to the industries (Development and
Regulation) Act, 1951 by the government. For example,
Drugs and Pharmaceuticals, Medical and Surgical
appliances, Cosmetic and Toilet preparations.
14. COMMERCE
Commerce is that aspect of business activity which is
concerned with the distribution of goods and services
produced by the industry.
Commerce serves as a valuable link between the
producer and the consumers.
15. James Stephenson defined commerce as “Commerce
embraces all those processes which help to break the
barrier between producers and consumers. It is the sum
total of those processes which are engaged in the
removal of hindrances of persons (trade), place
(transport and insurance) and time (warehousing) in the
exchange (banking) of commodities”.
Components or subdivision of commerce:
Trade
Aids to trade
16. I. TRADE
Trade means buying, selling and
exchange of goods or services for
money or money’s worth.
Trade may be described as the
nucleus of commercial activity.
Dealers or distributors for the
distribution of goods from the
production unit to the consumers
at far off places are known as
traders.
18. INTERNAL/ DOMESTIC TRADE
It is also known as home trade and consists of sale and
exchange of goods within the boundaries of a country.
Internal trade may be local trade, state trade or interstate
trade.
Internal trade is further classified into:
Wholesale trade: wholesalers buy the goods in large
quantities directly from the manufacturers and sell them in
smaller quantities to retailers who are in direct contact with
the consumers
Retail trade : When the goods are distributed in small
quantities to the consumers it is known as retail trade.
19. INTERNATIONAL/ FOREIGN TRADE
When the goods or services are
exchanged between two or more
than two countries then it is known
as foreign trade.
Foreign trade may be further
classified as:
Import trade: When the trader brings the goods from
foreign countries to his own country it is known as
import trade.
20. Export trade: When the goods of one country are
sold to other countries it is known as export trade.
Entrepot trade: Entrepot trade is also known as re-
export trade. It involves the import of foreign goods of
one country with the idea of exporting the same to
other countries and making profit in the process.
21. II. AIDS TO TRADE OR FUNCTIONS OF COMMERCE
OR BRANCHES OF COMMERCE.
Various branches of commerce are given below:
1. Transport
2. Warehousing
3. Banking
4. Insurance
5. Packaging
6. Advertising and publicity
22. 1. TRANSPORT
Transport removes the hindrances of place.
It is the process of carrying the goods and persons from
one place to another.
It assists trade by moving goods from the place of its
production to locations where they are to be sold for
consumption.
A well knit transport system plays a very important role
in the economic development, social welfare and
political integration of any country.
23. There are various modes of transport available for moving
the goods, drugs and pharmaceuticals from one place to
another which includes road, rail, air, water, pipeline
transport etc. Out of all these modes of transport, railways
are considered as the most effective means of movement of
goods because:
(a) It is cheaper for bulky goods to be carried over long
distances.
(b) The goods are safer than in road transport since they are
carried in covered wagons and not in make- shift
arrangements like in road transport.
(c) Since the railways are government controlled so the
freights are less.
24. 2. WAREHOUSING (STORAGE)
Storage is a process of keeping,
holding and preserving the goods
which are to be used at a later stage.
When this process done at a large scale and in
specialized manner it is termed as warehousing.
Warehousing removes hindrance of time in trade by
storing the goods which may be supplied to the
consumers as and when required.
Warehouses are the places where goods are stored.
25. Storage facilities are provided by three types of
warehouses:
Private warehouses: Operated by big business
concerns or wholesalers for the storage of their own
stocks.
Public warehouses: Operated by business firms
which provide storage facilities to the general public for
a certain charges.
Bonded warehouses: Are licensed to accept
imported goods for storage until the payment of
custom duties are made. These are situated at ports.
26. The storage of goods is necessary due to the following
reasons:
To maintain stability in prices.
To ensure availability of goods throughout the year
inspite of the fact that same is produced only during a
particular season.
To ensure continuous availability of goods in the
market, its proper storage is essential.
Certain goods, such as drugs, chemicals etc. are
required to be properly stored to prevent their
destruction or damage.
27. 3. BANKING
Hindrance of finance is removed
by banking.
Finance or capital is the life blood of any business.
A large amount of money is required for the production
and marketing of goods and services.
The finance can be raised from own resources,
commercial banks, shares, debentures, financial
institutions, trade creditors etc.
28. Banking system provides the following services to its
customers:
It provides loans and advances for purchase of raw
materials and machinery.
It also provides overdraft facilities.
It allows the facilities of discounting of bills.
It provides foreign exchange, issuing letters of credits
etc. thus giving assistance to foreign trade.
29. 4.INSURANCE
Insurance removes the hindrance of risks.
Any business activity entails various types of risks. Eg:
fire, accidents, theft, storm, floods, earthquake, price
reduction, changes in demand and supply conditions,
dishonesty of employees and partner(s), strikes,
lockouts and pilferage etc.
30. All the above mentioned risks are covered by insurance
companies provided the necessary insurance has been
done and premiums have been regularly paid.
An insurance company performs a useful service by
compensating the traders for the losses due to fire,
theft, flood or other natural calamities etc
31. Insurance is of following types:
Life insurance: provides for payment of a stipulated sum of
money to the insured person on expiry of a specified number
of years or on his /her earlier death.
Fire insurance: The insurance company undertakes to
make a payment equal to the value of goods/ lost or damage
suffered as a result of fire.
Marine insurance: The risks covered are loss or damage to
the insured vessel, cargo or passengers during transportation
on the high seas.
General insurance: covers risk of loss due to theft or
specified happenings.
32. 5. PACKAGING
Packaging removes hindrance of
risk of spoilage.
Packing refers to the wrapping,
crating, filling and compression etc. of goods whereas
packaging is concerned with the creation and designing of
proper package for different products.
33. Proper packaging is also essential according to Drugs
and Cosmetic Act and Rules, 1945.
It helps in identification of product if it is packed with
a particular mark and design.
Proper packaging also avoids deterioration of product.
It also ensures the supply of products of right quantity,
right quality and weight to the consumers.
34. 6. ADVERTISING AND PUBLICITY
Advertising and publicity removes
the hindrance of knowledge or
information gap about the availability and uses of goods
between traders and consumers.
The main objective of advertisement is to create demand
and to increase the sales.
The various methods used for advertisement are TV,
radio, newspapers, magazines, wall posters, pamphlets,
free samples, trade fairs, exhibitions, balloons and
window display etc.
35. The majority of pharmaceutical products are ethical
products and their direct advertisement is prohibited
according to Drugs and Magic Remedies (objectionable
Advertisement) Act.
However, general/ home remedies products such as pain
balm, inhalers, iodex, antiseptic creams and other
products which do not require a prescription for their
purchase can be advertised by any of the direct methods
of advertisement.
36. ELEMENTS OF ECONOMICS
The word ‘economics’ is derived from two Greek words ‘Oikos’
(household) and ‘Nemein’ (management). Thus economics means
the management of household.
Economics is a social science, concerned with the employment of
scarce resources of society, having alternative uses to produce goods
and services.
According to Dr. Marshall, ‘Economics is a study of mankind in the
ordinary business of life. It examines that part of individual and
social action which is most likely closely connected with the
attainment and use of material requisites of well being.
Basically, business is an economic activity. Economic activities are
those activities which are concerned with the acquiring and use of
wealth.
37. There are three main branches of economics:
Descriptive economics: It describes the relevant
facts about an economic field, such as Indian
agriculture, Industry, foreign trade etc.
Economic theory: It explains the functioning of an
economic system, for example, it explains as too how
prices of products and productive services are
determined.
Applied economics: An economic analysis is made
with a view to ascertaining the causes and significance
of economic events.
38. In order to study the elements of economics the following
aspects of economics may be taken into consideration:
Economic activities
Economic system
1. Economic activities:
To satisfy the various needs with limited resources the
following economics can be adopted:
In an industrial house drug store economy can be adopted in
the purchase of raw materials / drugs i.e. only the required
raw materials and that too according to economic order
quantity are purchased. The limited numbers of technical and
non- technical persons are employed.
39. Only those types of products and services are produced
which are economical and profitable.
Buying and selling of goods and services should be done
economically i.e. at the time of buying any product
minimum rate should be quoted but at the time of selling
a product it must be sold by taking into consideration the
margin of profit.
Different types of economic activities:
People are engaged in different types of economic
activities to earn money which is called occupations.
40. The occupations which are generally adopted by human beings
are classified into following three groups:
Business: Business means that economic activity which is
primarily done with the purpose of earning profit. It involves
production of goods and services on a regular basis and carries
an element of risk.
Profession: Profession means an occupation which involves
rendering of personal services of a specialized nature based on
professional education training and knowledge. For example:
Physician, Pharmacist.
Employment: Employment means a personal service
rendered by a person to an organization under a contract of
employment or service.
41. 2. Economic system
An economic system denotes the economic relationships
which arise in the community from the organization or
mode of production and distribution.
The economic system should be simple and easy for
human beings to satisfy their wants but it all depends on
the kind of economic system which is adopted by a
particular country that how the resources are allocated,
prices are fixed etc.
42. Types of economic systems:
a) Capitalist system:
According to capitalist system there is freedom of every kind.
The producers are free to acquire any property and produce
any product.
The consumers are free to use any product and in any amount
to satisfy their wants.
They are also at liberty to spend their income in any way they
like.
According to this system the means of production and
distribution are generally in the hands of private owners who
operate them to earn profits.
43. In this system role of government is to protect the
producers and consumers so as to avoid unhealthy
competition among producers and to provide essential
services to the public economically.
Advantages:
Better economic development.
Increased production.
Improvement in science and technology sphere.
44. b) Social system
According to this system the large and basic industries
are owned and controlled by the government.
Even the distribution is also controlled by the
government.
Advantages:
Reduction of inequality of income.
Fair distribution of consumer goods.
45. c) Mixed economy
In mixed economy the activities of both the systems i.e.
capitalist system and social system are used.
It means some economic activities are controlled by the
government and some economic activities are kept open
for the public.