Strategy in Terms of Market Position. Identification of the Type of External Environment MHC Is Operating in and Degree to which the Strategy Matches the Environment

Explanation:

In the case study quoted for the MHC, Multistate Health Corporation, incorporated two main strategies. One strategy was to build upon the new technology and becoming health care innovator.  Other one was to enhance their efficiencies in their healthcare and outpatient services.

New strategies were developed to keep pace with changing environment of the healthcare system and the governmental pressures.

These strategies were not so aligned with the business goals but they had to make changes to compete with market

explanation:

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1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know