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?
The scenario describes two individuals traveling on the same train to the same location but paying different prices for their tickets due to departing from different cities. The most plausible pricing strategy the train company employed is regional pricing. Regional pricing involves charging different prices for the same product or service in different geographical locations. This pricing strategy takes into account various factors such as the cost of living, demand, and competitive environment in those regions.
Regional pricing is a strategy in which businesses charge different prices for the same product or service in different geographic regions