Geographic pricing refers to a pricing strategy in which the price of a product or service is determined based on the geographical location or region where it is sold. This strategy recognizes that different markets may have varying levels of demand, cost structures, and competitive landscapes, leading businesses to set prices differently in different geographic areas. Factors influencing geographic pricing can include shipping costs, local market conditions, taxes, and the willingness of consumers in a specific region to pay a certain price. This approach allows businesses to adapt their pricing to the unique characteristics and dynamics of each geographical market.