What Is It Called When a Business Focuses Its Efforts

question 89

Multiple Choice

What is it called when a business focuses its efforts on a small set of products and services compared to an extensive product or service line?

• A) Differentiation
• B) Loss leader
• C) Product leader
• D) Focus

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Definitions:

Medicare

A federal health insurance program in the United States primarily for people who are 65 or older, as well as for certain younger people with disabilities or specific diseases.

Medical Expenses

Costs incurred in the prevention or treatment of injury or disease, including fees for physician services, medications, and hospital stays.

Independent Practice Association

An organization of independent physicians, or other healthcare providers, that contracts with health plans or directly with patients to provide care within negotiated price and service constraints.

HMO

Health Maintenance Organization, a type of health insurance plan that requires members to receive healthcare services from a network of designated providers.