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I have interest in putting together a mock business plan to start a pharmaceutical company. What...

I have interest in putting together a mock business plan to start a pharmaceutical company. What could be the competition, products and services offered, as well as the location for a pharmaceutical company?

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Answer #1

Products offered or manufactured and sold in this pharmaceutical company would be Pain relief creams which are odorless and greaseless. It would provide instant pain relief with the blend of natural ingredients.

Services offered would be providing the product as an sample to the local pharmacy, homeopathy clinics so as to create the awareness and effectiveness of the product.

Competitors for pharmaceutical company would be local pharmaceutical companies, as well as the competitive products such as aspirin, ibuprofen, other pain relief products.

Location for manufacturing and distribution of products can be in the industrial area which is near to the market so that the transportation cost and overhead expenses can be reduced.

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