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Refer to the article titled Farmacias Similares: Innovating in the Mexican Healthcare Industry (APPENDIX 1) and answer the following questions Questions below: 1. Identify and

Refer to the article titled Farmacias Similares: Innovating in the Mexican Healthcare Industry (APPENDIX 1) and answer the following questions Questions below:

1. Identify and explain FOUR (4) opportunities available at the Base of Pyramid (BoP).

2. Explain the institution-based and resource-based factors that lead to the establishment of Farmacias Similares (FS).

  1. Describe FOUR (4) reasons that make FS medical services popular among the BoP.

  1. What factors promoted the Pharmacy-Doctor business model diffuse from the BoP to middle- and upper-class market?

  1. Is it easy or difficult for the competitors to copy Pharmacy-Doctor business model? Why?

6. Based on the answer in Question 5, what can FS do to strengthen their business model?

  1. If you were a member of the FS Board, of the two directions being entertained, which one would you recommend? Provide TWO (2) justification.
  1. Based on your justifications in Question 7, propose ONE (1) strategy for each. Explain your strategy in details.

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