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... > social science subjects > business and management > entrepreneurship > new venture management > entrepreneurship financing and economic development > strategy (organizational) > nonprice competition in hospitals
social science subjects > health and social care > health care management > strategy (organizational) > nonprice competition in hospitals

Preferred term

nonprice competition in hospitals  

Definition

  • The term “nonprice competition in hospitals” describes a situation in which a particular institution has decided it can price its services without regard to the prevailing competitive market in which it operates. This might occur for a variety of reasons, ranging from unawareness of prevailing price competition to cost-driven reasons for noncompetitive pricing or a belief that a differentiated (and thus “noncompetitive”) price is justified for a variety of reasons. [Source: Encyclopedia of Health Care Management; Nonprice Competition in Hospitals]

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https://concepts.sagepub.com/social-science/concept/nonprice_competition_in_hospitals

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