"Price Adaption" Please respond to the following: Describe a situation that would require you to adapt the price of your product or service. Provide...

"Price Adaption" Please respond to the following:Describe a situation that would require you to adapt the price of your product or service. Provide specific examples to support your response.Discuss differences in pricing strategies for your product or service when considering government payers versus private payers. Explain your rationale

Whenever a company or a person who manufactures a new product or bring the changesin the existing product, it is important to fix its price as according to the market. So it can help inearning...