Search results
Results From The WOW.Com Content Network
Predatory pricing is a commercial pricing strategy which involves the use of large scale undercutting to eliminate competition. This is where an industry dominant firm with sizable market power will deliberately reduce the prices of a product or service to loss-making levels to attract all consumers and create a monopoly. [1]
When fixed costs rise (i.e. administrative expenses) the willingness of medical facilities to cost cut of possible price shifting may increase. When a group of payers become less price-sensitive, hospitals may charge payers a higher price, and so compensate for their losses. But that commonly does not happen by state insured patients.
A price war is a form of market competition in which companies within an industry engage in aggressive pricing activity "characterized by the repeated cutting of prices below those of competitors". [1] This leads to a vicious cycle, where each competitor attempts to match or undercut the price of the other. [2]
Incorporation of "low-cost thinking" into an organisation's culture [5]: 8 Half cost strategies: ambitious strategies which aim to reduce the costs of specific production processes or value adding stages to 1/N of the previous cost. [7] Examples specifically focussed on the use of suppliers and the costs of goods and services supplied include:
Third (and relatedly), preventing fraud costs money: The Congressional Budget Office, for example, assumes that each dollar spent on measures to prevent health care fraud generates $1.50 in savings.
U.S. Vice President Kamala Harris will deliver on Friday the first policy-centered speech in her new role as Democratic presidential candidate, tackling ways to lower costs, a concern that ...
For premium support please call: 800-290-4726 more ways to reach us
Cut throat competition is a term that was widely used to describe the reason for consumer protection regulation, labour law, and enforcement of competition law or antitrust, in the late 19th and early 20th century. In economics, cut throat competition is also referred to as ruinous, excessive or unfettered competition.