Price Adaption”  Please respond to the following: Describe a situation that woul

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.
PRICE ADAPTATIONPrice adaptation is the ability of a business to alter its pricing models in order to fit in differentgeographic areas, customer demand and even the income prevailing. The more a…