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
P roject team activities There  are  seven  step  procedures  which  the  organisation  can  use  to introduce the project team activities as a management strategy. The proced

Referral Services  Referral services are to be distinguished from reference service, discussed earlier. Referral services do not provide the user with the documents or informa

LIBRARY CATALOGUE AND THE FIVE LAWS OF LIBRARY SCIENCE The Five Laws. of Library Science are a set of basic guiding principles for designing and operating a library or a libr

Question A List the different approaches to Quality. Describe Juran's views on Quality Question D a. Explain the factors determining the customer satisfaction.

Planning Process: The planning process for the establishment of a documentation/information centre may involve the following steps;  i)  Formulation of the overall objectiv

Question 1: What are the alternative ways in which a decision can be made that affects the parties involved? In what ways will negotiation be seen as a tactical contest?

Measures to Minimise Book Losses: Steep rise in cost of books, ill-organised Indian book market which makes replacement of lost material difficult, dependence on foreign pu

Problem: a) Authentication is the mechanism whereby a system securely identifies their users. Authentication system provides answers to the following questions: - Who is t

Question 1) Describe any five differences between Weaving and Knitting Question 2) State the advantages of shuttleless looms Question 3) What is felting? Explain

A large unit manufacturing electrical goods which has been known for its liberal personnel policies and fringe benefits is facing the problem of low productivity and high absenteei