Question: 60-70 WORD MINIMUM PLEASE. THANK YOU :) Paragraph #1: Why is cost-minimization analysis most likely to be useful for managers? Paragragh #2: A clinic finds

60-70 WORD MINIMUM PLEASE. THANK YOU :)

Paragraph #1: Why is cost-minimization analysis most likely to be useful for managers?

Paragragh #2: A clinic finds that it can reduce costs by eliminating appointments. The clinic can eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so the physician has virtually no downtime. Does this analysis adopt to societal view of costs?

Paragraph #3: A clinic finds that it can reduce costs by eliminating appointments. The clinic can eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so the physician has virtually no downtime. Why might this analysis result in a bad managerial decision?

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