HMOs and PPOs Are Examples of

question 63

Multiple Choice

HMOs and PPOs are examples of

• A) group contracts.
• B) managed health care systems.
• C) traditional fee-for-service plans.
• D) consumer-directed health plans.

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Definitions:

Innovation Process

A sequence of activities that begins with idea generation and proceeds to product development, market introduction, and ongoing improvement.

Experimenting

The process of conducting trials or tests to discover, verify, or establish information or principles.

Reverse Innovation

Reverse Innovation is a concept where goods or services developed as inexpensive models to meet the needs in developing countries are then adapted for sale in developed countries.

Global Firms

Businesses that operate and serve customers in multiple countries, integrating and adapting their operations and strategies worldwide.