Usually what happens in stores is that the store owners buy the goods and then sell them. So now they may sell these goods at a higher price for a profit or a lower price for a loss.
The prices are regulated in case of authorised/ exclusive showrooms by the manufacturer.
All retail stores and online shops have different prices. To find the best price look at what prices are available online, and then see what prices your local retail shop are offering for the same product.
Yes, because it is the same company in both places.
It means they keep making the same overall profit.
Buyers compete for the same product by raising what they are willing to pay.
prices stay stable. studddy islannd ! :)
Prices are higher wherever food stamps are used
No. The prices on the websites of many stores are not necessarily the same as they are in the store. I recently purchased a radio online but picked it up at the store. I did it that way because the in store price was higher.
The scarcer the product, the higher the price.
Yes, it is generally legal for businesses to charge different prices for the same product, as long as the pricing is not based on discriminatory factors such as race, gender, or other protected characteristics. This practice is known as price discrimination and is common in various industries.
Cartel
Controlling the prices for a product by eliminating the competition.
If you were the only one that sold (produced) the product, then you could sell it for whatever you wanted. There would be nothing to compare it to. Therefore, you could get more money out of it than if there was someone else producing the same product. More competition means varied prices.