In order to make detailed business execution plans with an adequate hospital collaboration roadmap, it is necessary to organize and coordinate organizational resources in favor of growth and correct business flow.
<h3 /><h3>What is a business execution plan?</h3>
It corresponds to a transition model to replace products and services in the long term. The plan must contain the technical concept of the business, its functional prototype, all its specifications and a test version to correct some features before the final version is released.
For a business execution plan with a hospital collaboration roadmap, it is essential to identify site needs such as safety, meeting patient needs, and family involvement in hospital processes.
Therefore, a business execution plan for a hospital should contain strategies and tactics to improve processes for patients and professionals, increasing the quality and speed of service.
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<u>Answer:
</u>
The liquidity of a company with significant amounts of obsolete inventory is best measured by the inventory turnover ratio.
<u>Explanation:
</u>
- Depending on how functional the inventories are, the ratios of inventory turnover would bulk or shrink.
- To have a clear picture of the amounts of obsolete inventory, an examination of the inventory turnover ratio would help greatly as it would dispense the necessary comparative data related to all the inventories.
- The functionality of the inventories can thus be clearly devised from the inventory turnover ratio.
Answer:
1. Sports Team Shirt - Excludable / Rivalrous
2. Air we breathe - Non - Excludable / Non - Rivalrous
3. Atlantic Bluefin Tuna - Non -Excludable / Rivalrous
4. A Toll Road - Excludable / Non - Rivalrous
Explanation:
A rivalrous good is one in which usage, by an individual limits the ability of another to use the same good. Rival goods are tangible. This means that they can be held or touched. Examples in this category are; A sports team shirt and, the Atlantic Blue Fin Tuna. Eating a Tuna would limit access to another person, who wants to eat Tuna at that point in time. The same would apply to wearing a sports shirt.
A Non - Rivalrous good is one in which usage by an individual does not limit consumption by another. Most non - tangible goods are non -
rivalrous. Examples in this category are; the air we breathe, and the Toll Road. Almost anyone can access these.
Excludable goods are only used after payment for them has been made. Examples are the Toll Road and the Sports Team Shirt.
Non - Excludable goods can be used even when payment has not been made. Examples are Air and The Atlantic Blue Fin Tuna which anyone can access.
Yvonne knows her firm must look at everything it does from a consumer's point of view. one major difficulty is that consumers' needs , wants and ability to purchase change(s) over time.
A person will look for and purchase a good or service because of their necessities. The necessity is what motivates the decision to buy. Sales will increase when a company becomes more adept at identifying these demands and providing goods and services which satisfies the consumer needs.
The majority of business concepts are born when an entrepreneur recognises a demand for a good or service. An entrepreneur or small business must take into account four primary customer needs. Price, quality, choice, and convenience top the list.
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