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A manager is concerned with the number of medication errors occurring on their unit.The manager determines that these errors represent latent errors when an investigation reveals that:
Acquired
Something obtained, typically by a company purchasing another company or business.
Substitutes
Products or services that can be used in place of another, fulfilling a similar need or purpose for the consumer.
Costs Of Underpricing
Financial losses incurred when a product or service is sold for less than its market value or cost of production, often used as a strategy to enter new markets or increase market share.
Costs Of Overpricing
Consequences of setting a sale price too high, leading to reduced sales volume, customer dissatisfaction, and competitive disadvantages.
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