When Faslow Medical Center in Exeter County changed its name to Faslow Hospital,it also unveiled a plan to build a medical tower that would double its physical facilities by 100 percent within the next 10 years.It also announced that its goal was to not only serve Exeter County but also the entire region including the five contiguous counties.This is most accurately an expression of:

Question

Quizplus · Accepted Answer

The announcement of a plan to expand its physical facilities and serve a larger region indicates strategic intent, or a long-term vision and plan for growth and expansion. Vertical integration would involve acquiring or merging with other healthcare providers in the supply chain, monopoly rent refers to excessive profits earned from a dominant market position, and supplier bargaining power refers to the strength of suppliers in negotiating prices and terms with the organization. None of these concepts are directly applicable to the information provided in the scenario.

When Faslow Medical Center in Exeter County Changed Its Name