Question

Discuss the importance of non-monetary costs in pricing decisions for services taking the example of health services.

Answer 1

Non - monetary costs in pricing decisions for services taking the example of health services is very important in that;

Non monetary costs represents other sources of sacrificing perceived by individuals using a health service.

Due to the increase in health care costs has focused more attention on the value associated with a therapeutically intervention in addition to it's clinical efficacy and safety.

In measuring effectiveness outcomes, all the relevant costs and and the benefits must be considered including those that extend beyond direct cost of care.

Patient quality of life related to work productivity are worth outcome of non monetary costs in pricing.

Answer 2

The importance of non-monetary costs in pricing decisions for services taking the example of health services.

Explanation:

• The non-monetary costs represent those costs that are sacrifice given by the consumers when buying and using a service. Time, search and psychological costs can often be found in this type of pricing decision.  

• An example of health service may include the time spend on looking for a physician, time becomes a sacrifice made for getting the service in a number of ways.

• As the service providers cannot stop the number of promoters and thus waiting time is always longer and less predictable.

Learn more about the importance of non-monetary costs in pricing decisions for services taking the example of health services.

• brainly.in/question/3646249 answered by  santy2.