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.

 

[Augusta]

Yes, Location and pricing are strongly related, especially in real estate and goods that are difficult to transport. A location's desirability, accessibility, and market factors directly impact the price of a property or goods base

 

[Trush Jodie]

The price you sell in a particular location that has elites is very different from what it would be in a rural location.

 

[eLdavis]

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.

Yes that's true, especially places with low income earners, it would be best you reduce the price in places like this.

 

[Fidelia]

When you are not in a location that makes your business visible for your market, there is just no way that you would be able to make good sales.

 

[Kross]

The location of a place determines the purchasing power of the people and the target market. That's why pricing must always consider location.