What Are Some Possible Reasons for High and Rising Costs

question 116

Multiple Choice

What are some possible reasons for high and rising costs of health care?

• A)the use of sophisticated and high-priced equipment.
• B)medical personnel who command high earnings.
• C)innovative but costly treatment for some illnesses.
• D)the increasing number and longevity of elderly people.
• E)all of the other answers.

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Definitions:

Competencies

A combination of skills, knowledge, and abilities that individuals possess which enable them to perform tasks effectively.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, usually leading to greater sales or margins and/or retaining more customers.

Marketing Tactics

Specific actions or strategies marketers use to promote a product, service, or brand to targeted customers.

IBM

International Business Machines Corporation, a worldwide tech firm renowned for its production of computer hardware, software, and provision of IT services.