Local Pharmacy Franchise - Australian Pharmacy - Research Writing Assignment Help

Assignment Task :

Description

Please give your quote for this research project. Statistics concepts need to be applied on the data in excel sheets. "ABS Community Profiles" is the primary reference and some additional references should also be used.

The Research Topic

What is the best location for the new store of a local pharmacy franchise, Australian Pharmacy?

Your client, Australian Pharmacy, is proposing to set up a new store in Sydney area or in a large regional center. It will sell medicines and offer health consultation services to the local community. It will have two pharmacists in the store, and it will be equipped with two separate consultation rooms, which requires a large piece of land. Australian Pharmacy hopes to serve local residents. It aims to be a place not only to pick up prescriptions but also to offer a range of health services (e.g., consultation services to the elderly and people with chronic health issues) at a low cost to save patients the hassle of a trip to the doctor. It is understood that a long term relationship is easier to be established with the elderly or families with children, which can generate a greater long-run profit (mainly in selling medicines). It is also expected that profit will be higher in areas where incomes are greater, education levels are higher, and where mid-class family rate is higher. Areas with a high proportion of young adults in the population are expected to be less profitable. It is crucial that Australian Pharmacy take into consideration the amount of competition from other pharmacies and hospitals in the area. It also needs to consider the availability and the cost of renting a property that has adequate parking and transport accessibility.

You will be assigned three Local Government Areas (LGAs) in Sydney or well populated regional areas in NSW. Your aim is to make a case comparing these three locations and select the best area (out of the three) for the new store to be located.

Some of the factors to consider are:

1. The demographic make-up of the LGAs in NSW which you will be allocated includ- ing the socio-economic and age status of the population.

2. How many competing pharmacies and hospitals are currently available in the area?

3. The cost of land or long-term rental for setting up a pharmacy.

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