The Typical Cause of the Decline Phase in an Industry

question 2

Multiple Choice

The typical cause of the Decline phase in an industry is

• A)technological substitution e.g., the horse and cart replaced by the car.
• B)local regional decline due to low-cost foreign competition.
• C)changing consumer tastes e.g., tobacco.
• D)any of the above.

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Definitions:

Preventive Medicine Codes

Codes used in healthcare billing and documentation to signify procedures and consultations that focus on preventing diseases or identifying them early on to halt their progression.

Z Codes

Codes used in the ICD-10 that represent reasons for encounters with healthcare professionals other than illness or injury, such as to address issues like homelessness or pregnancy.

Tabular List

A systematic arrangement of codes, often in tables, used for classification and coding in various systems.

ICD-10-CM

International Classification of Diseases, 10th Revision, Clinical Modification; a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures.