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somebody
Why are prices for the same product diffrent in diffrent stores?
There are many reasons why prices differ between stores. Even assuming that the stores belong to the same company, e.g. Ace Hardware stores in different locations, here are some reasons prices for the same product may differ.
1. One store is in a higher rent district and has to pay a larger property tax. It may mark up its prices slightly higher than a store in a low rent and tax area.
2. One store has higher shipping costs because it is much farther from the comapny's supply center.
3. A store in a high income area may mark up prices more than a store in a low income area. The high income customers pay the higher price for the convenience of not having to shop around. The low income customers will not buy the product if it is priced higher than they can afford.
4. The company gives store managers discretion on setting prices to maximize their revenue. Manager set prices that they feel will best accomplish the company's goals.
5. The demand for some products may be higher in one area than in another, but each store has to carry the product. The store where demand for the product is low will price the product lower to make sure it sells.
sunshine
Every business sets its own prices.
In fact, it is illegal for business owners to collude together to set prices.
Dragonfly
Some stores are interested in being more competitive and want you to shop there for the lower prices, others know people will still buy it at the higher price and want to make more of a profit and some stores can get the product for cheaper because they are buying a larger amount.
what
That is the retail business. Each store buys a product. It make wholesale cheaper to a larger store because they buy more product and get a slight discount. Then each store will and a percentage of mark up, say 35% in the large store and 40% in the small store. So normally the prices vary for the same item.
moaatimo
because store owners are themselves different and think differently.
They might also pay different rent and have more children to feed or they might just be more greedy.
Yanswersmonitorsarenazis
They all negotiate their prices to buy products. They all get weird kickbacks and incentives to market certain products. They pick certain products to put on sale hoping to drive other sales. And 1000 other reasons.
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