Financial and Business Operations
The net cash equivalent amount paid or to be paid for the asset.
What is acquisition cost?
The entire stock of products on hand for sale at a given time.
What does inventory mean?
Healthcare practices and products used in place of conventional medicine.
What is alternative medicine?
The average price at which drugs are purchased at the wholesale level.
What is AWP (Average Wholesale Price)?
The process of withdrawing a drug from the market due to safety or quality issues.
What is drug recall?
An extensive table that itemizes the costs of business versus the income generated for the same time period.
What is cost-benefit analysis spreadsheet?
A maximum and a minimum number of stock units of each product to have on hand in the inventory.
What is the inventory range?
The concept of "treating the whole person" - body, mind, and spirit.
What is holistic health?
Durable medical equipment.
What is DME
A tally of the day's sales receipts and prescriptions filled, generated at the end of the business day.
What is end of day report?
An extensive table that itemizes the costs of business versus the income generated for the same time period.
What is gross profit?
Number of times per year that inventory is purchased, consumed, and replaced.
What is inventory turnover rate?
A plant used for medical purposes.
What does herbal mean?
Metered dose inhaler.
What is MDI?
To match cash, credit card, checks, coupons, rebates from each cash register
What does reconcile mean?
Gross Profit - Expenses.
What is net profit?
The total value of the entire stock of products on hand for sale on a given day.
What is inventory value?
A system of therapeutics using minute doses of drugs to treat diseases.
What is homeopathy?
Used in asthmatic patients to improve medication delivery.
What is a spacer device?
When someone pays others to purchase restricted OTC medications.
What is smurfing?
The percentage by which the acquisition price is marked up to secure a gross profit.
What is markup percentage?
Not available.
What does out of stock mean?
Live microorganisms that are intended to have health benefits when consumed or applied to the body.
What is probiotic?
A blood sugar measuring device.
What is a glucometer?
Plastic containers used to pack medications.
What are totes?