JNTU
JNTU B.Pharmacy IV PHARMACY ADMINISTRATION Previous Question Paper (July/August-2022 - R17)
Answer any Five Questions
All Questions Carry Equal Marks
Main
What are the characteristic features of business? Discuss the role of post-liberalization in changing business environment.
Answer
Business is defined as an economic activity involving the regular production or distribution of goods and services for profit. Its characteristic features include: 1) Economic activity aimed at earning profit; 2) Production or procurement of goods and services; 3) Regularity in dealings; 4) Element of risk and uncertainty; 5) Consumer satisfaction as a primary objective.
The post-liberalization era, initiated in 1991, transformed the business environment through the policy of LPG (Liberalization, Privatization, and Globalization). This shifted the environment from a controlled, protected economy to a market-driven one. Key changes include: increased competition due to the entry of multinational corporations, removal of restrictive licensing, easier access to foreign technology and capital, and a focus on quality and efficiency to survive in a globalized market.
Give the salient differences between Sole Proprietorship and Partnership business citing suitable examples.
Answer
| Feature | Sole Proprietorship | Partnership |
|---|---|---|
| Ownership | Single individual | Two or more persons |
| Liability | Unlimited | Unlimited (joint and several) |
| Capital | Limited to owner's resources | Higher capacity due to pooled resources |
| Management | Centralized control | Shared decision-making |
| Example | A local neighborhood pharmacy owned by a single pharmacist. | A multi-specialty clinic or pharmacy chain owned by three partners. |
How the location of plant influences its success? Explain.
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Explain the types of plant layout.
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What is an irrational drug combination. Explain them with suitable examples.
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Write about history of pharmaceutical outcomes movements in India.
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What is product life cycle? Discuss its influence on marketing strategies.
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Discuss the factors influencing the channels of distribution.
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Write about export of drugs and pharmaceuticals.
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Discuss the role of PSUs in the growth of pharma industry and explain the reasons for their failure in recent times in spite of growth in private sector.
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Mention the advantages of statistical quality control. Explain the use of X̅ charts.
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Write about Deming’s quality concepts.
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Write about the following:
Abuse of prescription drugs and their implications on society.
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Comparative cost effectiveness ratios.
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Write about sales promotion strategies.
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Explain the format for reporting adverse drug reactions.
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