Question

Bluffton Pharmacy Case Study 6

C6-4 Develop a set of specific recommndtions for imporving the financial performance of Bluffton Pharmacy using the analysis you conducted in questions 1 to 3?

Answer 1

Increases in pricing for the ingredients in which Bluffton Pharmacy relies on to produce their products have left them working how to resolve this isse they face, while trying to figure out how to keep the business from suffering. Bluffton Pharmacy have built a base of loyal customers, this will aid in their ability to raise prices to a reasonable amount and maintain the loyal customer base. the expected decline in demand for cocoa is by 7.2 percent. with this decline and a decline in demand the prices could be resolved and go back down. In the meantime, during this rise in products, they can look into another company that may be cheaper for them to purchase cocoa or raise their prices on their products. This would average out their expenses and their revenues for this issue. If there are a decline in customers, then ensuring that inventory is not more than sales will help reduce the expenses for the materials needed for the product.