Explain Why It Might Be More Difficult for an Established

question 6

Essay

Explain why it might be more difficult for an established firm to invent a new technology or a new product than it would be for a new firm.

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Definitions:

CPT Code

A 5-digit numeric code that describes medical, surgical, and diagnostic services and is used for billing purposes in healthcare.

Revision

The process of examining and adjusting or amending texts, policies, or documents to correct errors or make improvements.

Manual

A book or document that provides instructions or guidance on how to operate a device or perform specific tasks or procedures.

CPT Revision

A modification or update to the Current Procedural Terminology code set, used in the medical field to describe medical, surgical, and diagnostic services.