A systematic procedure to study one-dimensional Schr\"odinger equation with a
position-dependent effective mass (PDEM) in the kinetic energy operator is
explored. The conventional free-particle problem reveals a new and interesting
situation in that, in the presence of a mass background, formation of bound
states is signalled. We also discuss coordinate-transformed, constant-mass
Schr\"odinger equation, its matching with the PDEM form and the consequent
decoupling of the ambiguity parameters. This provides a unified approach to
many exact results known in the literature, as well as to a lot of new ones.Comment: 16 pages + 1 figure; minor changes + new "free-particle" problem;
version published in Mod. Phys. Lett.