WGU C432 [HEALTHCARE MANAGEMENT & STRATEGY] EXAM WITH GUARANTEED ACCURATE ANSWERS
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Course
WGU C432 [HEALTHCARE MANAGEMENT & STRATEGY]
Institution
WGU C432 [HEALTHCARE MANAGEMENT & STRATEGY]
Business-Level Strategy - ACCURATE ANSWERThe strategic scope and direction of strategic business units (SBUs). SBUs focus on specific product/service lines while under the umbrella of corporate direction.
Corporate-Level Strategy - ACCURATE ANSWERThe overall strategic scope and direction of a co...
WGU C432 [HEALTHCARE
MANAGEMENT & STRATEGY]
WGU C432 [HEALTHCARE MANAGEMENT & STRATEGY] EXAM WITH
GUARANTEED ACCURATE ANSWERS
Business-Level Strategy - ACCURATE ANSWER✅✅The strategic scope and
direction of strategic business units (SBUs). SBUs focus on specific
product/service lines while under the umbrella of corporate direction.
Corporate-Level Strategy - ACCURATE ANSWER✅✅The overall strategic
scope and direction of a corporation. The primary function of corporate-level
strategy is to allocate capital funds to SBUs and decide which businesses to enter
or exit.
Emergent-Strategy - ACCURATE ANSWER✅✅a pattern of actions that develop
over time and become an organization's strategy de facto. This type of strategy is
identified by examining decisions that were made and the patterns that occurred as
a result. Also called realized strategy.
,Functional-Level Strategy - ACCURATE ANSWER✅✅Strategic scope and
direction at the operating division, department, or project level. This type of
strategy is driven by product or service line.
Prospective Strategy - ACCURATE ANSWER✅✅A planning function that
forecasts an organization's future situation and designs means to guide an
organization's future decisions.
Four-Firm Concentration Ratio - ACCURATE ANSWER✅✅A measure of
market concentration calculated by summing the market shares of the four largest
firms in a market.
Herfindahl-Hirschman Index (HHI) - ACCURATE ANSWER✅✅A measure of
market concentration calculated by squaring the market share percentage of each
organization in a market and then summing the numbers.
Industry - ACCURATE ANSWER✅✅A particular category of business or
economic activity; an aggregation of sellers whose products are close substitutes.
Market Structure - ACCURATE ANSWER✅✅The organizational characteristics
of a market that exert a strategic influence on the intensity and form of
competition.
Markets - ACCURATE ANSWER✅✅Places, systems, and processes through
which buyers and sellers exchange goods and services.
Medical Terminology - ACCURATE ANSWER✅✅The procedures, equipment,
and processes used to deliver medical care.
, Monopolistic Competition - ACCURATE ANSWER✅✅One of the four basic
types of market structures. Monopolistic competition exists in markets composed
of many organizations offering differentiated products.
Monopoly - ACCURATE ANSWER✅✅One of the four basic types of market
structures. Monopolies exist in markets that are dominated by a single
organization.
Oligopoly - ACCURATE ANSWER✅✅One of the four basic types of market
structures. Oligopolies exist in markets dominated by a few large organizations that
offer similar or identical products.
Patient-Origin Study - ACCURATE ANSWER✅✅Data that describe the
proportion and number of an organization's customers (patients) who come from
different geographic locations. This data can be arrayed and graphed to display the
provider's primary and secondary service areas.
Perfect Competition - ACCURATE ANSWER✅✅One of the four basic types of
market structures. Perfect competition exits in markets composed of many small
organizations that produce an undifferentiated, homogeneous product.
Societal Environment - ACCURATE ANSWER✅✅The public and
socioeconomic factors surrounding and influencing an organization, such as
general economic conditions, population demographics, cultural values,
governmental regulations, and technology.
Broad Differentiation Strategy - ACCURATE ANSWER✅✅A type of strategy
aimed at offering products that consumers perceive to be distinct from competitors'
products and that appeal to a wide segment of a market.
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