With Respect to Organizational Changes, a Health Care Organization That

question 40

Multiple Choice

With respect to organizational changes, a health care organization that discovered weaknesses in the organization's ability to collect and analyze information, followed by a $50 million information system upgrade is an example of a _____ change.

• A) system
• B) process
• C) strategic
• D) cyclic

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Definitions:

Penetration Pricing

A pricing strategy that involves setting a low price for a new product in order to attract customers and gain market share quickly.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period.

Initial Price

The original cost or price of a good or service when it is first offered for sale, often used as a baseline for pricing strategies.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, used to cover fixed costs and contribute to profit.