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The Health Care Business is one of the fast-growing & largest industries of the world. It is mainly connected with the products or services, which are applied for re-establishing or maintaining health. The health care businesses are generally related with two types of activities:-
1) Providing Healthcare services and production of healthcare equipments
2) Biotechnology, Pharmaceuticals and other related life sciences
The first activity includes healthcare services through hospitals, nursing homes etc., medical equipments production and medical supplies. The other activity focuses on production of biotechnological and pharmaceuticals products and other healthcare related scientific services.
It has been observed that in the developed countries, healthcare businesses use to contribute more than 10% in the Gross Domestic Productions (Swayne et al. 2012).
Answer to Part B:-
1) Organizational Details and Ratio Analysis:-
Brief Details of the Organization:-
Jordan Pty. Ltd. is a registered company, which belongs to the health care industry. Though it is a registered company, the organizational structure of the company indicates that the business is a family business.
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