Is there any relation between price and quality of a product?

India
September 17, 2009 11:15pm CST
Hi friends, tell me is there really any relation between price and quality? When we buy something, if we ask for the reason for high price, the shopper says it because of good quality. Is it true? Is it must the price should increase with the quality increases? I think we are paying only for brand name. Please give me answer.
5 responses
@srija12 (211)
• India
18 Nov 09
I dont think so.If they want to make money they would say it is very much costly.But no way quality and price and related to each other.If you like u can get things
@fifileigh (3619)
• United States
18 Sep 09
it depends. sometimes it is and sometimes it is not. you have to do a lot of research and shop around as well as talk to people you know who are familiar with that product. u cant believe everything the saleperson tells you.
@StarBright (2799)
• United States
18 Sep 09
There is an expression, "Buyer beware." You cannot always know if what you are buying is good just by how much it costs. You must check everything. As you said, sometimes you can pay a lot of money just for the brand name. It does not mean a thing. Other times, you have to pay good money to get good quality. The only way you know is to check everything and not be fooled by the popular brand or what is in fashion. Sometimes the same manufacturer makes the brand product and the off-brand product too. This is true for a lot of store brands of foods. The pharmacy gives us generic brands a lot of the time because it is all the same stuff.
@amyson (3509)
• Philippines
18 Sep 09
yes.prizes and quality are both important.when buying a product especially a branded jeans even though is more costly than cheaper pants it cant stay for long years before it fades.long lasting warranty.i mostly buy original product as it stay for many years than buying a cheaper product that it can easily broken or dont last for long.i would rather buy the one that has good quality.
• Philippines
18 Sep 09
i believe yes. products of good quality are made of good quality materials, too. the cost accountants of manufacturing firms are making sure that each product is being tagged with consideration to price of each material being put together in the making of that particular product. if they are sourcing materials at a high price, it automatically affects the price of the product. manufacturers, especially the beginners, want to create a name for itself and aim to produce quality products. once they get a niche in the business and become popular, pricing it according to what they are selling to be "quality products" (this is usually pricing them higher) becomes mandatory for them for obvious business reasons.