CVS Has More Than 600 Pharmacies with Minute Clinics,which Are

question 107

Multiple Choice

CVS has more than 600 pharmacies with Minute Clinics,which are staffed with physician assistants.Carving space out of an existing floor plan to create a new clinic takes less than a year.These are ____ plans.

• A) strategic
• B) short-range
• C) long-range
• D) contingency
• E) integrated

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Definitions:

Diminishing Returns

A principle stating that as investment in a single area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.

Marginal Product

The additional output generated by employing one more unit of a particular input, holding all other inputs constant.

Hiring Labor

The process of engaging individuals to perform services or work for compensation.

Stock Prices

The current market price of a share of a company's stock, reflecting investor perceptions of the company's future financial prospects.