Currently Kidneys Are Allocated Based on the Needs of Each

question 103

Multiple Choice

Currently kidneys are allocated based on the needs of each perspective recipient, their blood type, and the urgency of their case. An alternative way to allocate kidneys is to go by the order in which patients were placed on the waiting list. In that case, the allocation of resources is made using

• A) market price.
• B) auction.
• C) first-come, first-served.
• D) personal characteristics.

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Definitions:

Diversification

The strategy of entering into new markets or creating new products to spread and reduce risks.

Product-Market Evolution

describes the dynamic changes and development in how a product interacts with its market, including growth, competition, and consumer preferences over time.

Product Development

The process of bringing a new product or improving an existing product to the market through research, design, and marketing.

Market Development

A growth strategy where a business seeks to sell its existing products or services into new markets to attract additional customers.