Question

Question 4 

In classifying services, the primary distinction is whether they are people based or profit based 

True 

False

Question 5 

Home health care is one of the fastest growing segments of the health care industry 

True 

False

Question 6 

Patents, or proprietary rights to products, which is common in the pharmaceutical industry, tend to lead to companies being able to price 

high 

relative to marginal costs 

relative to fixed costs 

low

Answer 1

Q.4. True as in classifying services the primary distinction is whether they are people based (non-profit) or the profit based quizlet

Q.5. True as the homehealthcare in the US is the fastest growing segment of the healthcare setting for the elderly and disabled patients and above 70% of patients are amore that 65.

Q.6. Option A is correct because patents or proprietary rights to products in pharmaceutical industries tend to lead to companies being able to price high as there is the exculsive right of the particular company and thre is the royalty paid for the product by the others if permission taken