Explain Why Competitive Advantages Are Temporary

question 77

Essay

Explain why competitive advantages are temporary.

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Definitions:

CMS-1500s

Standardized forms used in the United States to submit Medicare and Medicaid claims and certain other types of insurance claims by healthcare providers.

Medicare

A government-funded health insurance scheme in the US designed for individuals aged 65 and above, select younger individuals with disabilities, and those suffering from End-Stage Renal Disease.

Full-time Employees

Workers who are considered to be employed on a full-time basis, typically working a minimum number of hours defined by their employer or by laws.

Preferred Provider Organization (PPO)

An organization of physicians who network together to offer discounts to purchasers of health care insurance.