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inventory c.7-3

QuestionAnswer
PROFIT MORE RECEIPTS THAN EXPENSE
MARKUP SELLING PRICE-MINUS-PRUCHASE PRICE(ACTUAL COST)ALSO CALLED GROSS PROFIT
DISCOUNT REDUCED PRICE OFFERED TO CUSTOMERS. MOST STORES HAVE A SENIOR DISCOUNT
NET PROFIT (GROSS PROFIT-MINUS-DISPENSING FEE)
DEPENSING FEE CHARGE APPLIED TO PRICE OF PRESCRIBTION TO ACCOUNT FOR EXPENSES AND COST OF RUNNING BUSINESS
MAC [MAXIMUM ALLOWABLE COST] MAXIMUM COST PAID BY A INSURANCE WHEN SEVERAL PRODUCTS ARE AVAILABLE
WAC [WHOLESALER ACQUISITION COST] CONTRACTS NEGOTIATED BETWEEN THE PROVIDER AND THE PHARMACEUTICAL INDUSTRY
COMMON EXSAMPLES OF PBM EXPRESS SCRIPTS, CAREMARK, MEDCO [PCS, PAID BOUGHT OUT]
Created by: jddmmin7
Popular Pharmacology sets

 

 



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