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Physical Resources

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Submitted By jamoc
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CHAPTER I

THE PROBLEM AND ITS SCOPE

INTRODUCTION

Rationale

In every business, there is a corresponding supply of resources in order to support its operation. Resources are the total means available to a company for increasing production or profit. These factors contribute to the total framework of an entity. Sometimes, these cannot be controlled by the entity. Without these resources, an entity cannot operate business. Utilization is one of the factors to be considered in determining the successful operation of a business. A firm’s resources should be utilized cost-efficiently to provide a product that is affordable to pay or products that is worthy to be paid. Being efficient is producing desired effects without waste. Utilizing these resources cost-efficiently is not an easy task; one should consider many factors in utilizing these resources. Proper utilization of an entity's resources may result to a good income, or on the other hand, improper utilization may result to a loss. People nowadays are more particular with their health as they believe in the saying that goes “Health is wealth”. With that, people grab the opportunity to address the market demand by establishing drugstores or what is commonly known as pharmacies. Pharmacy is a place where drugs are properly utilized, prepared, and dispensed. It uses different resources such as human, financial and inventory resources in order to operate the business. Every pharmacy must have at least one pharmacist in order to comply with the requirements of the law but pharmacies that are big enough can hire a pharmacist as well as a manager. But some pharmacy owners have the flexibility to assume the role of the manager at the same time the licensed pharmacist. According to the list given by the Department of Trade & Industry, there are a total of 21 pharmacies that are

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