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write 400–600 words
Assume that you invested $10,000 in a new assisted living home facility, only to discover that the venture would not be profitable. Your continued investment would only cost you more money. What would you do?
- Would you proceed with the business and create an opportunity to recover your investment?
- Would you cut your losses and quit the business?
Share the steps you took in making your decision, and ensure that you integrate various relevant economic terms and models in your response.
Explanation & Answer
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Running head: HEALTHCARE ECONOMICS
Healthcare Economics
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HEALTHCARE ECONOMICS
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Healthcare Economics
The purpose of getting into a venture is to acquire some economic benefit which may not
be limited to a long-term benefit from the enterprise and also growth. In most cases, the person
involved in managing the business holds an active belief of benefiting from a startup even if the
results may not be realized immediately due to various factors such as lack of clients, poor
allocation of resources and sometimes lack of useful tools for implementing set goals and
objectives(Glimcher, P. W & Fehr, 2013). Investing in an assisted liv...
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