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THE challenge of making a hypothetical veterinary practice profitable is just one of the practical sessions that form part of the annual ‘Lancaster weekend’, a vacation seminar for final-year veterinary students that aims to help them prepare for their first job in practice.
As part of the financial challenge, which is devised by the pharmaceutical company MSD Animal Health, the students are split into groups and, to make their hypothetical practice profitable, they need to identify two fundamental business considerations by finding the gross margin and working …
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