Two individuals are travelling by train to the same location, departing from two different cities. Both purchased tickets when they arrived for departure, yet paid different prices. Which of the following pricing strategies was most likely practiced by the train company?

Question

Quizplus · Accepted Answer

Regional pricing is a pricing strategy where the same product or service is priced differently based on the region or location. In this scenario, the train company most likely practiced regional pricing by charging different prices from the two individuals departing from different cities. The train company could have priced higher for routes with high demand or where there are fewer competitors.

Two Individuals Are Travelling by Train to the Same Location