What Is Geographic Pricing?

Geographical pricing is based on the differences in market demand and product production and logistics costs in the place of sale. Enterprises set different pricing strategies for the same product or service for different regional markets. It is usually necessary to determine the base price first, and then set the corresponding price for each regional market based on the aforementioned differences. There is no difference in prices in general regions, and there are significant differences in prices between regions. In bulk international trade, when one party cannot provide enough hard currency, the transaction is often realized by counter-trade. At this time, geographic pricing includes not only currency prices but also a certain amount of barter. ^[1]