Why Is It Especially Crucial That Technological Forecasting in the Health

question 17

Multiple Choice

Why is it especially crucial that technological forecasting in the health care industry be reliable?

• A) The short lead times for testing and approving new technology
• B) The impact of new technology on health care delivery
• C) The rapid speed at which technology is typically adopted
• D) All of the above

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Definitions:

Profitable Level

The point at which the revenue from sales exceeds the costs involved in production or procurement.

Market Price

Market Price is the current price at which a good or service can be bought or sold in a marketplace.

Short Run

This is a period during which at least one factor of production is fixed, typically used in economic analyses to describe immediate effects of changes.

Produce

Agricultural products, especially fresh fruits and vegetables, that are grown for consumption.