According to the Five Forces Model, Which of the Following

question 1

Multiple Choice

According to the five forces model, which of the following is viewed as a major risk to a business pursuing a cost-leadership strategy?

• A) competition switching from non-price attributes to pricing
• B) innovation that allows competitors to emerge with more economical replacements
• C) new entrants with small production scale
• D) suppliers requesting a 2% price increase across the industry

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Definitions:

Healthcare Claims

Formal requests for payment made by healthcare providers to insurance companies for services rendered to policyholders.

Procedure Description

A detailed account of the steps, actions, or operations involved in the performance of a specific process or procedure.

Multiple Procedure Code

Codes used in medical billing to indicate that multiple procedures were performed during the same session, affecting the billing process.

HCPCS Level II

A standardized coding system used in the United States for billing and coding products, supplies, and services not included in the CPT coding system.