Which of the Following Terms Refers to Operating in Concentrations

question 22

Multiple Choice

Which of the following terms refers to operating in concentrations of related, interdependent companies within an industry that uses the same suppliers, specialized labor, and distribution channels?

• A)outsourcing
• B)dumping
• C)franchising
• D)clustering

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Definitions:

Health Care

A broad term covering medical services, procedures, and support for individuals to maintain or improve their health.

Preferred Provider Organizations

A type of health insurance plan that offers a network of healthcare providers with whom costs are less than going outside the network.

Managed-Care Organization

A health care provider or insurance organization that attempts to manage the cost, quality, and accessibility of medical services for its enrolled members.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, often provided by employers or purchased individually.