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Geographical pricing, in marketing, is the practice of modifying a basic list price based on the geographical location of the buyer. It is intended to reflect the costs of shipping to different locations.
Geographic pricing occurs when different prices are charged in different geographic markets for an identical product. [18] For example, publishers often make text-books available at lower prices in Asian countries because average wages tend to be lower with implications for the customer's ability to pay.
Pricing strategies and tactics vary from company to company, and also differ across countries, cultures, industries and over time, with the maturing of industries and markets and changes in wider economic conditions. [2] Pricing strategies determine the price companies set for their products. The price can be set to maximize profitability for ...
In Hotelling's Location Model, firms do not exercise variations in product characteristics; firms compete and price their products in only one dimension, geographic location. Therefore, traditional usage of this model should be used for consumers who perceive products to be perfect substitutes or as a foundation for modern location models.
It has offered products at heavy discounts, such as an LG UltraGear Gaming Monitor for $179, $70 lower than its original price, and JBL headphones for a 30% discount, at $69.99.
Geographic data and information is defined in the ISO/TC 211 series of standards as data and information ... Geographic Information: Value, Pricing, Production, and ...
Pricing and availability subject to change. Scientists track changes at the Yellowstone supervolcano. Could it blow again? Elizabeth Weise, USA TODAY. Updated January 1, 2025 at 1:47 PM.
We may earn commission from links on this page, but we only recommend products we believe in. Pricing and availability are subject to change. The 20 best sales this weekend: Kindle accessories ...