Question

In: Operations Management

create an introductory paragraph on the Ambulance industry as a whole along with its business aspect.

create an introductory paragraph on the Ambulance industry as a whole along with its business aspect.

Solutions

Expert Solution

The ambulance industry has a lot of potential in terms of business opportunities that it can provide to countries. The services can be categorized into emergency and non-emergency medical services for both governmental contract and private contracts. Currently, there are 156 companies that are present in the market, therefore, while the business faces little competition, it helps the companies dictate the price that they can ask while being reasonable to the duty that they have for the customers and to themselves, following their business essentially model. Essentially, it serves the purpose of both being a sought-after service and one that has potential to grow further in terms of competition and the way the market is approached.

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