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Are people willing to pay double if a product has a special mark?
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Why many people are willing to pay more for branded products than unbranded products?
When the customer already knows the brand the trust is much higher compared to a unbranded product and because of that they are much more willing to buy the product
Why people are willing to pay branded product than unbranded?
People are willing to pay more for branded products because they have been conditioned to believe they will bring them status. They also believe they are better quality.
What is a specialty product?
A specialty product are those that are very expensive. It is a speacilty product of which people feel are so important that they will not be willing to buy the substitute product. Examples: Lamborghini sports cars, Tiffany jewlery, and Rolex watches.
Which of these is not a reason why people often buy a cheaper product?
One reason people may not buy a cheaper product is if they prioritize quality over price. They may be willing to spend more for a product that is more durable or performs better.
What are people willing to spend their money on?
People are willing to spend their money on reasonably priced, quality goods and services. The trick is finding the balance between quality and price bracket. Mastering that balance will accelerate your business or product sales. It is a matter of trial and error.
What are the popular opinions about the Hairmax comb?
The popular opinions on the Hairmax comb is that it is mainly for people who are patient with the product. If you expect it to work in a week, then you will be let down. But if you are willing to wait months, then it is a VERY successful product.
What does it take to be a successful business owner?
It depends on what you mean exactly. The most basic answer is, provide a product or service that people want at a price they are willing to pay.
What is so special about cotton that makes people want to wear it?
People often want to wear cotton because it is a natural product and is very comfortable.
Where do you buy special edition littlest pet?
People usually buy special edition littlest pet shop because of the their rare quality and their very hard to find. Their so rare that people are sometimes willing to buy them for more of what their cost because they sometimes discontinue the item.
What is the amount of a good of a service that a consumer is willing to buy called?
Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.
What is the amount of Good or service that a that a consumer is willing to buy called?
Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.
Why quality product should cost less?
Quality products should cost less become people need good quality merchandise. Clothing is a requirement and if the clothing was of good quality than people could save money and be dressed better. Cheap products cost less and break easier; if a good quality product was less expensive more people would be willing to purchase the product.
