Question:
What is the primary objective of financial planning in community pharmacy?
What is the primary objective of financial planning in community pharmacy?
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Financial planning in pharmacy aims at proper fund use, cost control, and profitability.
Updated On: May 2, 2026
- Increase stock levels
- Maximize discounts
- Ensure optimal fund utilization and profitability
- Reduce manpower
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The Correct Option is C
Solution and Explanation
Concept:
Financial planning is essential for smooth functioning of a community pharmacy.
Step 1: A pharmacy must manage money properly for purchase, storage, and operation.
Step 2: The goal is not simply increasing stock or reducing manpower.
Step 3: Proper financial planning ensures optimal use of funds.
Step 4: It also helps maintain profitability and business stability. \[ \boxed{\text{Ensure optimal fund utilization and profitability}} \]
Financial planning is essential for smooth functioning of a community pharmacy.
Step 1: A pharmacy must manage money properly for purchase, storage, and operation.
Step 2: The goal is not simply increasing stock or reducing manpower.
Step 3: Proper financial planning ensures optimal use of funds.
Step 4: It also helps maintain profitability and business stability. \[ \boxed{\text{Ensure optimal fund utilization and profitability}} \]
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