Substantial Switching Costs Reduce the Threat of Potential Entry

question 26

True/False

Substantial switching costs reduce the threat of potential entry.

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Definitions:

ICD-9-PCS

International Classification of Diseases, Ninth Revision, Procedure Coding System; a system used in the United States to classify and code hospital procedures.

ICD-9-CM

The International Classification of Diseases, Ninth Revision, Clinical Modification; a predecessor to ICD-10-CM used for coding and classifying morbidity data from inpatient and outpatient records, primary replaced by ICD-10-CM.

Medicine

The science and practice of the diagnosis, treatment, and prevention of disease, as well as the maintenance of health.

ICD-9-PCS

an abbreviation for the International Classification of Diseases, Ninth Revision, Procedure Coding System; a system used in healthcare to classify procedures and interventions.