In some instances, price difference could be due to product quality, however, this is not usually the case as, there are times where there are no difference in quality rather, such price difference could be due to other factors such as when we visit the marketour decision to buy in wholesale or retail, our negotiating or bargaining skill etc.

Especially of importance is, our negotiating skill as this is applicable in all other factors. To negotiate well, it is necessary to know your target price, hence, you may need to research on the average market price of the product.