Characteristics of the National Drug Code (NDC) Include Which of the Following

question 3

Multiple Choice

Characteristics of the national drug code (NDC) include which of the following?

• A) The NDC is a five digit classification that includes the chemical composition, dose, and route of administration
• B) NDC codes are assigned by CMS using diagnostic applications of a drug
• C) The NDC identifies the manufacturer or labeler of the product, the specific product, and the packaging type
• D) NDC codes are not usable with bar code scanning technologies

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Definitions:

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical, allowing for competition based on quality, price, and brand.

Differentiated

Pertains to a marketing strategy where a company offers unique features, benefits, or product variations to stand out from competitors.

Competing

Involves entities or individuals striving against each other to achieve a goal that cannot be shared.

Everyday Low Pricing

A pricing strategy where companies consistently offer products at low prices rather than relying on sales or discounts, aiming to attract price-sensitive consumers.