Your location can also affect your price

[eldavis]

It's no new news that the location of your business plays an important role on how the business would go in the long run, the location of your business can also affect the price of your goods and services. I have noticed that the price of goods and services in most government residential areas (GRA) are usually more expensive than other places.

 

[Etini Willie]

It is true that the location can detect the price of a product based on the purchasing power of people that are in that location.

 

[freelancermaria]

Yes, there are places where they charge double or triple, especially in some remote areas.

 

[King Belieal]

There is no doubt that it you operate in a big city, the pricing would not be the same as operating in a rural setting.

 

[Shavkat]

I think it is. It means that they need to consider this factor. It is preferable to be in a crowded place.

 

[nomad]

Location certainly affects the price because location affects the operational costs. For instance, in posh areas, rents are high and products also cost high

 

[Niyi Briggs]

When you are in certain locations, prices might be higher because of the expectations of the target market in that location.