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Identify a popular healthcare facility or commodity that you feel is ideal for pricing using a...

Identify a popular healthcare facility or commodity that you feel is ideal for pricing using a cost-plus approach. Identify instead a company or good best adapted to a value-based approach.?

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Answer #1

The renting of the rooms in hospitals can be a healthcare facility which can be used for the cost plus approach.

The facility shall be used on the basis as mentioned because the same is easily measured in terms of cost and then the same can be increased for the required margin on the cost that is estimated by the hospital.

The medicines or the API's are the goods that are best adapted to value based approach for goods.

the best quality medicines or the active ingredients made should be highly efficiennt in curing the disease or the symptom it is being used for.

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