Question:
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: Dec 16, 2024
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Solution and Explanation
Two reasons why prices of products vary between shops are:
1. Location of the shop – Shops in high-rent or high-demand areas may charge higher prices due to their operating costs.
2. Branding and quality – Different shops may sell products with varying quality or branding, which can result in price differences.
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