Why are same items on Amazon different prices?

Why are same items on Amazon different prices?

What gives? The unequal prices are due to the fact that different product styles, sizes, or models can be sold by different vendors — all while occupying a single Amazon product page. And different sellers often set different prices.

Is selling the same product at different prices to different customers?

Price discrimination is a sales strategy of selling the same product or service to different customers for different prices. First-degree price discrimination involves selling a product at the exact price that each customer is willing to pay.

Why do I see different prices for the same product?

Different stores have different contracts with suppliers and that varies the cost they pay. It all depends on what they can negotiate. According to the Georgia Retail Association, stores that buy larger volumes of product can typically get them for cheaper prices, so the price you pay is typically lower.

Is it legal to offer different prices for the same product?

Price discrimination is the practice of charging different persons different prices for the same goods or services. Price discrimination is made illegal under the Sherman Antitrust Act. Merely charging different prices to different customers is not illegal, when there is no intent to harm competitors.

Who sets the price on Amazon?

Sellers
Sellers are responsible for setting their own prices on Amazon marketplaces. In our mission to be Earth’s most customer-centric company, Amazon strives to provide our customers with the largest selection at the lowest price, and with the fastest delivery as sellers play an important role.

Why don t some Amazon products have prices?

Because our price on this item is lower than the manufacturer’s “minimum advertised price,” the manufacturer does not allow us to show you our price until you take further action, such as placing the item in your shopping cart, or in some cases, proceeding to the final checkout stage. …

Which is the best example of price discrimination?

An example of price discrimination would be the cost of movie tickets. Prices at one theater are different for children, adults, and seniors. The prices of each ticket can also vary based on the day and chosen show time. Ticket prices also vary depending on the portion of the country as well.

What is a skimming price strategy?

Price skimming is a product pricing strategy by which a firm charges the highest initial price that customers will pay and then lowers it over time. This approach contrasts with the penetration pricing model, which focuses on releasing a lower-priced product to grab as much market share as possible.

Does Amazon use dynamic pricing?

Besides having a complicated pricing structure, Amazon also has a complicated pricing model. The company is a pioneer in dynamic pricing and makes over 250 million price changes every day. The average product’s price will change once every 10 minutes, making it difficult for Sellers and consumers to keep up.

Does Amazon increase prices in CART?

Placing an item in your cart doesn’t reserve the price shown at that time. The price of an item may increase or decrease between the time you place it in your cart and the time you purchase it.

Is it illegal to advertise one price and charge another?

In general, there’s no law that requires companies to honor an advertised price if that price is wrong. Laws against false or deceptive advertising require an intent to deceive on the part of the advertiser. If a company can demonstrate that an advertised price was simply a mistake, then it’s not false advertising.

Can a company charge two prices for the same product?

Multiple pricing You can only have multiple prices for the same product or service, if the prices vary because of different regions or currency, or a price is entirely hidden by another price. If multiple prices appear, you must withdraw the product or service, and fix the display or advertisement.

Why do prices on Amazon differ from one product to another?

The reason is very simple. Amazon is just an agent fir selling products. There are multiple seller who put their price for selling the products on Amazon. So if the same products varies the difference in price it’s just because of the sellers who are quoting their different price on which amazon have no control.

Why are there multiple sellers on Amazon India?

1) There are multiple sellers on Amazon. 2) Any seller can sell at any rate below MRP in India. 3) The sellers compute among themselves to sell the products. Quality is one aspect of it, price another. Amazon is a marketplace and don’t sell products on their own. Sellers get registered there and list the prices.

Does Amazon care who sells the same product?

Amazon group each product by their ASIN and doesn’t care who sells it. They even commingle your inventory with other sellers when you do FBA for the same ASIN. That’s why it’s important to guard your own brand and not let other people have access to your source if possible. Why I see different prices of the same product from two Amazon accounts?

What is Amazon’s pricing strategy?

Amazon uses market-oriented pricing as its primary pricing strategy. For example, the company evaluates competitors’ prices as basis for pricing AmazonBasics products. The advantage of this pricing strategy is that it makes selling prices more competitive, affordable and attractive to target consumers.