Why is the same product different prices at different stores?

Different stores have different contracts with suppliers and that varies the cost they pay. It all depends on what they can negotiate. According to the Georgia Retail Association, stores that buy larger volumes of product can typically get them for cheaper prices, so the price you pay is typically lower.

Can a company charge different prices for the same product?

With price discrimination, a seller charges customers a different fee for the same product or service. With first-degree discrimination, the company charges the maximum possible price for each unit consumed.

Why is pricing different in different countries?

One of the major factors that affects the prices of goods is the difference in taxes and import duties across countries. Many products are cheaper in Japan thanks to lower import taxes and better wholesale prices. Even local taxes make a big difference.

What factors influence the prices a company charges in different countries?

Factors Affecting Price in International Marketing:

• International Marketing Objectives:
• Cost of Product:
• Demand:
• Business Competition:
• Exchange Rate:
• Product Differentiation:
• Prestige:
• Market Characteristics:

What is the purpose of charging different groups of customers different prices?

The primary purpose for charging different prices is to increase revenue and, in turn, profits.

Do Prime members see different prices?

“Prime is an express shipping service – not a pricing program. What often happens is that a customer does not realize they are looking at a Prime shipping eligible item that may be sold by several different third party sellers.

Can I charge different prices in different countries?

Price discrimination is not allowed Some price differences can be justified if they’re based on objective criteria and not just on nationality. For example, differing postage costs may mean you pay more for delivery in one country than in another.

Can the same supplier sell the same item to different restaurants?

We analyzed instances where the same supplier sold the same item to different restaurants for different prices on the same day. There are several reasons that might explain some of this variance – vendors often change their pricing for restaurants based on overall purchase volume, restaurant location, or for a variety of contractual reasons.

How often do vendors charge different prices for the same item?

More often than not, vendors were charging different prices for the same item on a given day. Only 36\% of items in our dataset were always sold at the same price, so nearly two thirds of ingredients showed some same-day price variation in the 90-day period.

Why do restaurant prices vary so much?

There are several reasons that might explain some of this variance – vendors often change their pricing for restaurants based on overall purchase volume, restaurant location, or for a variety of contractual reasons. Nonetheless, we saw daily price variation for nearly two thirds of items in our dataset.

How common is vendor pricing variation in restaurants?

Restaurants are most likely to encounter variation in vendor pricing when purchasing alcohol – nearly 60\% of the items in this category showed some price variation. Similarly, in the produce and non-alcoholic beverage categories, vendors charged different prices for more than 50\% of the items sold at least some of the time.