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Describe and provide examples of price and quality controls. Price Control is a policy that sets or caps the price of services or the growth

Describe and provide examples of price and quality controls. Price Control is a policy that sets or caps the price of services or the growth in prices directly. It can be used to limit health care spending and improve affordability in healthcare. Some examples of price control in healthcare are Medicare price setting, global budgets and price transparency rules. (Kenton,2023) Quality controls is a process through which a business seeks to ensure that a product quality is maintained or improved. It is an activity of checking that a product is of acceptable standard. Examples of quality controls is process inspection/inspection, setting testing standard, testing raw materials and different product stages, correcting defects and data collecting and discussion making.

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Price controls as you mentioned are policies implemented by governments or organizations to regulate the prices of goods or services Here are some exa... blur-text-image

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