Why do prices vary?
The short answer is that prices are determined by the retailer. The long answer is that a legal agreement is made between retailers and manufacturers to determine the minimum or maximum price for a product. Retailers can determine the price of the product they sell, but only within the guidelines the manufacturer sets.
Why are all sizes the same price?
“I’m proud of the collaboration across our Old Navy teams to evolve the retail experience for women.” Old Navy also said its stores will not feature special sections for different sizes, with all items sizes 0-28 being sold in the same space.
Why are there many currencies?
Summary: During long periods of history, countries have pegged their currencies to an international standard (such as gold or the U.S. dollar), severely restricting their ability to create money and affect output, prices, or government revenue.
What does vary in price mean?
If things vary, they are different from each other in size, amount, or degree.
What do you mean by price varies?
vary – be subject to change in accordance with a variable; “Prices vary”; “His moods vary depending on the weather” co-vary – vary in the same time period (of two random variables) drift – vary or move from a fixed point or course; “stock prices are drifting higher”
Why are clothes the same price regardless of size?
“The manufacturing of larger garments does take longer than the exact same garment in a smaller size,” she continues. So, the commenter is correct that larger clothing items cost more to produce than smaller sizes do.
Why are small clothes more expensive?
The cost of a garment is basically made up of 3 things: the material, the time of the seam (the salary of the seamstress) and the additional materials. Logically, the smaller the product, the lower the price, because less material is used and less sewn. As a result, it also takes more time to produce the product.