Trade discounts - library administration, Other Management

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.  

Posted Date: 10/25/2012 7:45:01 AM | Location : United States







Related Discussions:- Trade discounts - library administration, Assignment Help, Ask Question on Trade discounts - library administration, Get Answer, Expert's Help, Trade discounts - library administration Discussions

Write discussion on Trade discounts - library administration
Your posts are moderated
Related Questions
Problem: (i). Define the term ‘ecosystem' (ii). What are the three major ecosystems in the tropical marine environment. (iii). State and explain four main ecological

QUESTION 1 a) Explain what you understand by strategic analysis b) What tools are available for environmental scanning? Select one and discuss its main components, supportin

Fiction: Fiction needs most careful consideration in view of heavy demand and use and its ephemeral nature. Still its heavy use  may prompt librarians to decide  on binding, b

Some detailed important do's and don'ts while conducting negotiations are given hereunder.  Do's:  Know your authority as a negotiator and that of your counterpart.

Impact of demand forecasting on supply chain management

Working of EPM within the model The replica of the enterprise functions provides the foundation for implementing a rigorous move to selecting projects that have both strategic

QUESTION The significance of work design is underscored by an organisation's dependence on human efforts to accomplish its goals 1 Contrast the meaning of the terms job enla

Periodicals and Serials: Primary periodicals constitute one  of the most indispensable categories of publications  in academic  research and special libraries. A substantial p

Comparison of CobiT 4.1 and CobiT 5 This review of CobiT 4.1and CobiT 5 does not include all possible elements of these two complex frameworks. Still, this review is exhaustive

Advantages   of Central Processing Centralized processing has many advantages. For example.  1)  Duplication of work is avoided: The type of work involved in processing i