Discuss the below:
"Demand, Cost and Price Adaptation"
Referring to the same novel health care product or service you came up with last week (Week 6 Discussion), determine how you would assess demand for and the cost to produce your product or deliver your service and establish a price. Provide a rationale to support your response.
Describe a situation that would require you to adapt the price of your product or service. Consider the impact of government and private payers on your pricing strategies. Provide specific examples to support your response.
Determine the best way for the health care provider to distinguish and differentiate its product offerings from those of its competitors. Provide specific examples to support your response.
Describe a novel product or service (please be as creative as you like) and briefly discuss a brand management strategy.
Discuss the steps in the development process and identify the step that may pose a major challenge. Provide specific examples to support your response.