A Pricing Strategy Based on What Rival Businesses Are Charging

question 27

Multiple Choice

A pricing strategy based on what rival businesses are charging is known as ________ -based pricing.

• A) cost
• B) demand
• C) competition
• D) supply
• E) psychological

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Definitions:

Hospital-acquired Condition

A hospital-acquired condition is an illness or injury that a patient develops while in the hospital for treatment of another condition.

HAC

Hospital-Acquired Condition, an undesirable situation or complication that affects a patient during a stay in a healthcare facility and that was not present at admission.

HAC Data

Hospital-Acquired Condition data, which encompasses information regarding complications or infections that patients acquire during their stay in a healthcare facility.

Patient Safety

The prevention of errors and adverse effects to patients associated with health care.