A nurse practitioner and a physician have opened an office together. The nurse regularly collaborates with the physician in client care and is a general partner in the business of the office. This is an example of which diversification method?

Question

Quizplus · Accepted Answer

1. Concentric diversification is expansion of services into new markets.
2. Conglomerate diversification is expansion into areas that differ from the original service.
3. Capitation is a fixed fee paid per enrollee for services in an HMO.
4. A joint venture is a partnership in which each partner contributes different areas of expertise or resources to create a product or service.

A Nurse Practitioner and a Physician Have Opened an Office