Trade discounts - library administration, Other Management

Assignment Help:

Trade Discounts:

Trade discounts area common feature in book purchases. The discounts may vary according to categories of publications. Normally a 10% discount is admissible on books. Indian language publications may have higher discount rates while law books, etc., are short discount items. Government publications carry no discount at all. The rates of discount admitted to libraries by booksellers is part of the discount they themselves get from the publisher. Where competition is acute, a bookseller may even underquote to the extent that actual supply will become practically impossible. To check this unhealthy competition, standard norms would become necessary. One such measure employed in Britain is the Net Book Agreement. 

The Net Book Agreement is an instrument signed in 1929 (and revised in 1933) by the Library Association, the Publisher Association, and the Association of Bookseller of Great Britain and Ireland. This trade agreement prevents price cutting in books by prescribing a uniform commission for libraries. Almost a similar agreement is available in India which will be discussed later. 

Conversion rates can cause problems in  buying foreign books. As you know, exchange rates are always subject to fluctuations. Hence, current rates cannot be applied in fixing the price of books in all cases. Competitive rates will be offered by booksellers. Here again, standard norms are necessary to check the possibilities of underquoting. In India, such a standardisation can be achieved by the recommendations of a body known as the Good Offices Committee.  


Related Discussions:- Trade discounts - library administration

Management communication, Management Communication MC is a process of c...

Management Communication MC is a process of communicating in management itself. Effective managerial communication is either written or spoken. It is based on a several strateg

Explain scope and goals of iso/ts 16949, Question 1 Explain the various pr...

Question 1 Explain the various principles of Quality Management Systems Question 2 Explain scope and goals of ISO/TS 16949 Question 3 Explain the procedures and benefits

Pre-requisites for a union catalogue, Pre-requisites for a Union Catalogue ...

Pre-requisites for a Union Catalogue   Compilation of a union catalogue is possible only through library cooperation. Any such compilation should be very clear in the beginning

Event management problem, In the early October, Gaetan Ah Kong, the owner o...

In the early October, Gaetan Ah Kong, the owner of Chez Gaetan catering company, came into the service manager's office beaming. "We got the MUT party", he said enthusiastically wh

Define quality management system, Question 1 Define Quality Management Sys...

Question 1 Define Quality Management System. Describe the scope of Quality management system Question 2 Explain Design review and Design verification Question 3 Explain

Describe the approaches used to screen projects, Question 1 Describe the s...

Question 1 Describe the strategy planning tools of Ansoff matrix and BCG matrix Question 2 Describe the approaches used to screen projects Question 3 Explain any 3 par

Importance of an environmental impact assessment, Question 1: (a) Ident...

Question 1: (a) Identify and clearly explain the benefits of implementing ISO 14001? (b) Describe the importance of an Environmental Impact Assessment (EIA). Explain the are

Microform catalogue - Modern Forms, Microform Catalogue: In microform ...

Microform Catalogue: In microform catalogue, entries are greatly reduced and printed upon a film or fiche. The microform cannot be read by naked eyes. A suitable microform rea

Cobol, Write a COBOL program to accept three subject marks and to display t...

Write a COBOL program to accept three subject marks and to display the total of marks and percentage of marks.

Dmaic process, DMAIC process DMAIC was introduced by Motorola to help i...

DMAIC process DMAIC was introduced by Motorola to help improve the business processes and  also  to  increase  the  profitability.  It  can  be defined  both  as  a methodology

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd