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"Highly competitive market" causing Malaysian community pharmacists to barely stay afloat
 

"Highly competitive market" causing Malaysian community pharmacists to barely stay afloat

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50% of CPs are operating "mini-markets" to keep their operations going as they cannot break even just by the sale of medicines, said the Malaysian Community Pharmacy Guild.
 
today.mims.com
 
10 Nov 2016 - General
 
Madhubabu kaaja, I am 100% agree that consumer will looking brand value and price but the "Price" in Pharmacy should be define as "Price= Product + Service+ Result" and "Value" should define as " Perception+ Social Responsible" and not just on product only. Therefore, the price war will occur if Pharmacist fail to create perception and just focus on product delivery to consumer. In business, using price strategy to penetrate existing market to gain bigger ...
 (Total 95 words)
Madhubabu Kaaja, I agree to disagree for your view. Price war normally happen when services provider fail to fulfill the expectation of the consumer and than they will looking for the product price. If we as a Pharmacist treating ourselves as trader and than the consumer definitely will compare product price. In my opinion the factor contribute price war still the same, the attitude of the Pharmacist is the only factor nothing else.( We cannot treat Pharmacy business like other Retail business c...
 (Total 84 words)
This problem is not causing by competition among Community Pharmacy. The real problem facing by us is the perception of the public. The Public don't even know what the role of the Pharmacist. Therefore, the customer just want the product rather than the services of the Pharmacist., thus "Price is the King". Beside that, Community Pharmacist attitude like no dignity and selfishness also the main reason to contribute low margin situation. We need to admit that this is our false to ca...
 (Total 109 words)
Tahira Nawaz medical stores became health stores now and all healthcare items today available for home and family needs. As you told previously medicine prices are high in India also until application of Value allowable tax on mediciines which is to be paid by proprietor. Due to competition in retailers there introduced 15 percent off on specific bill amount. It is benifit for patient who can avail at low price. ...
 (Total 75 words)
Most of the medical stores are not just medical stores today rather these are mini-markets because such stores have also food items, cosmetic products, newspaper and other daily-use items in order to run the business efficiently and increase the daily sale. So community pharmacists have to provide over services to sell consumer products as well. Previously pharmacists charge 25 % to 30 % above cost to keep the business afloat but these charges are now reduced to 15 % because competition in the m...
 (Total 126 words)