Relationship between location and pricing

[eLdavis]

As a business owner or an entrepreneur, two important aspect you need to look into would be the location of your business and as well as the price of your goods or services. The location of your business also has the ability to affect the price of your products. Setting up your business in a government residential area, gives you access to customers with higher standard of living, which means you can afford to sell at a more higher price compared to does in other places.

 

[King Belieal]

You must always consider the location of your business before setting up pricing for the products and services. There are some locations you have to reduce your markup, hence your price level to be able to sell.

 

[Starmix]

The location affects the gravity of your business because you can measure the interest and support of your target market. The pricing also matches with the SOS of your target clients.