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Not at all. Consumers frequently see a product and assume the more expensive the better the quality of the product. Whilst there is, to a degree a fact to this, product price is no guarantee of good quality
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∙ 10y ago
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Does the quality determine the price of a product?
most of the times yes but price usually depends on the productivity costs not on the quality of the product. A good quality product can be found in low price as and a bad quality product can be branded and expensive.
Does price effect the quality of product?
No price does not affect the quality of a product, in fact, it is quite the opposite. The better the quality of a product, the more expensive this product will be. But don't trust the fact that every expensive product would be of good quality, you just have to know how to test for the best product and the best way would be through a method of sampling.
What has the author Jyrki Tapio Penttinen written?
Jyrki Tapio Penttinen has written: 'The role of price in perception of product quality' 'The role of price perception of product quality'
Why doesnt coke lose its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
The most important customer skill is?
Responsibility while buying a product and ensure if the product suits the quality he / she required. Or it matches the price ( quality)
Why doesnt coke lose all its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
What is a good product?
A good product is one which satisfies a customer fully in terms of quality, quantity and price.
What would decrease the quanity of a product sold in a competive market?
The price, the quality
Will you buy an elegant vegan product or a leather i.e. a nonvegan product for the same price?
I guess it depends on how elegant, what the quality is, etc. If they were exactly the same level of elegant, same level of quality, same price, then I would go for the non animal product. If the leather was better quality, I would go for that instead.
What exemplifies an intangible durable strategy used by firms to prevent competition?
Using brand name or trademark as a reflection of product quality
What is the advantage of product differentiation?
A company that excels at product differentiation can normally demand a higher price for a product because of its perceived higher quality.
What is product image?
Product image refers to the way consumers view the product. Product images can be negative or positive depending on price, quality, and the corporation itself.
