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

Reference service and literature search, Reference Service and Literature S...

Reference Service and Literature Search  A reference service, according to the A.l.A. Glossary of Library Terms, is "that phase of library work which is directly concerned wit

Rules for assessing the state of control of a process, Question: (a) ...

Question: (a) What are the quality dimensions a consumer looks for in a product? (b) Deming's 14 points plan is a complete philosophy of management. Give an outline of ten

Types and structure, Types and Structure: Types and Structure The  des...

Types and Structure: Types and Structure The  design of a useful  schedule normally  involved extensive planning, consultation with  colleagues and experts, pretesting and rev

Determine the length of the dipole, Question: (a) A uniform linear arr...

Question: (a) A uniform linear array consists of 20 vertical dipoles, each spaced by half a wavelength in the horizontal plane. (i) If all array elements are fed in phase,

Importance of the different stages in the process, QUESTION 1 (a) Descr...

QUESTION 1 (a) Describe the various stages of a strategic management process .and explain the importance of the different stages in the process (b) Can unexplained strategie

Need for defining the problem - research topic, NEED FOR DEFINING THE PROBL...

NEED FOR DEFINING THE PROBLEM Problem clearly stated is a problem half solved. A proper definition of research problem will enable you as the researcher to be on the track whe

Introduction to quality, Definition of Quality Quality  can  be  simply...

Definition of Quality Quality  can  be  simply  defined  as  the  measure  of  excellence.  When  a product is manufactured, the customer always looks for its quality, features

Public-private-partnership, QUESTION a) Public sector projects are bein...

QUESTION a) Public sector projects are being resorted to on a public-private basis. Explain what is Public-Private-Partnership (PPP)? b) International financial institutions

Policies implemented to counteract the informal economy, QUESTION 1 Gov...

QUESTION 1 Governance had gained ground as a result of the failure of the State and how far do you agree? QUESTION 2 It is evident that a high level of informal economi

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