Question:medium
Write any two reasons why prices of products vary in one shop as compared to another shop.
Write any two reasons why prices of products vary in one shop as compared to another shop.
Updated On: Jan 13, 2026
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Solution and Explanation
Product prices differ between retailers for two primary reasons:
1. Store location: Businesses situated in areas with higher rental costs or significant consumer traffic may implement elevated prices to cover operational expenses.
2. Brand and quality: Variations in product quality or brand reputation among different retailers can lead to price disparities.
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