Obtaining information concerning average income would be considered:
a. competitive analysis c. strategic initiatives
b. demographic information d. regulatory influences
B
Demographic information, such as average income, age, race, sex, and background information, provides insight into consumer individuality. Competitive analysis probes into how the competition is performing by examining the practices of other hospitals and health care facilities. Strategic initiatives include strategic plans that guide the direction of the organization over several years. Regulatory influences affect financial performance and are influenced by several governing bodies, such as the Centers for Medicare and Medicaid Services (CMS) and the Joint Commission.
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