does low price mean low quality

802. ALPS Mountaineering Meramac 2 Person Tent Review – Does The Low Price Mean Low Quality? Such products offered must be of good quality. The answer might be: the company that competes on price. Meaning of at a low price. GFCI is a bit too sensitive on the hardwire terminals. Facebook Tweet Pin LinkedIn Email. One group read an article that contained the following passage: “Remember that more expensive does not always mean better. That’s often the initial response when people hear of the $30 cell phone that Motorola is building for emerging markets. When you price your product below the competition, there’s a risk that the customers you draw in will view it skeptically. Find more ways to say low-quality, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Skip to main content.us. In: Writing service. Learn more. More competition between firms should cause better alloca- In our business, we use quality products and upper end items in both homes and pools. Whether a shopper views a low price as an indication of shoddy quality or good value depends on many factors. But when the product or service is designed to meet the real needs and circumstances of bottom-of-the-pyramid (BOP) communities, low price can also mean superior quality. low-priced - that you have the financial means for; "low-cost housing" affordable , low-cost cheap , inexpensive - relatively low in price or charging low prices; "it would have been cheap at twice the price"; "inexpensive family restaurants" More about these examples in my next post, but I think we?re seeing the beginnings of a wave of sophisticated technology built into products designed explicitly for low-income markets, and that will provide superior quality at very low prices. If you're a boxer brief or 'tighty whitey loyalist', we at BIGGIES Boxers Underwear say to you: Al Martino - "To each his own". 04/17/2012 03:04 pm ET Updated Jun 17, 2012 As a writer, I spend a lot of time reading through and participating in forums on various sites, not just to connect with other writers but also to keep up with readers who are, of … Generally speaking, the phrase is used pretty much to justify a higher markup. When we choose a product or service exclusively on price, we have to ask if the low price = poor quality as people end up always paying more in the long run, as the lowest price tends to force shortcuts at some point, especially in relation to products that are manufactured. What does at a low price mean? If an item has a high price, this doesn’t necessarily mean it is a high quality product, just as a low price point does not indicate an item is of low quality. - See 98 traveler reviews, 45 candid photos, and great deals for Sonesta Simply Suites Somerset at Tripadvisor. We all tend to think that if the price for a product is low, it means for the quality to be rather poor. 2021 Annual Guide: High Impact Giving in the Age of COVID. Who knows. Low price does not mean low quality. Yet the study’s experiments show that consumers can often be coaxed into focusing more on value or quality. The researchers also suggested that the opposite was true for low-price products. Kindle Books: Does Low Price Mean Low Quality? As the season of ubiquitous “bargains” nears, it’s worth trying to understand why sometimes a low price causes shoppers to bite, and why other times consumers are scared off by an item because its price is just too-too cheap. Tests cited in the BusinessWeek story prove the point: In blind tastings by Chicago’s Beverage Testing Institute (BTI), Sobieski scored a 95 out of 100. An affordable basic GSM cell phone (with text-messaging) is what most individual BOP customers need. Required fields are marked *. As a writer, I welcome the chance to build a readership by being able to offer my books at low prices and would hate to feel pressured into increasing my prices just in case readers assumed that the lower price meant lower quality. Posted on October 11, 2016 by Brandon. When choosing a product we don’t know much about, we automatically assume the highest-priced item is also the highest quality. simultaneously believe that low prices mean good value, and that low prices mean low quality, Whatever is going on in our heads can impact how we perceive a price, and whether or not we decide to hire a Pro. Which wine would the consumer actually enjoy more? ALPS usually make good tents, so I like to give my honest opinion on their products. Search. Posted on May 24, 2013 by xlnuntfr. Dear Compromise, Let’s reframe the choices you have from just two to three. 2016 © Biggies Boxers Corp. All Rights Reserved, How To Avoid And Prevent Plumbers Crack Embarrassment, Human DNA found in hot dogs... 10% of veggie dogs made with meat... but private genomics lab censors brand names to appease food industry. High–low pricing (or hi–low pricing) is a type of pricing strategy adopted by companies, usually small and medium-sized retail firms, where a firm initially charges a high price for a product and later, when it has become less desirable, sells it at a discount or through clearance sales.. The research, as well as years of experience, indicates that consumers are thoroughly primed to anticipate amazing values during the peak holiday shopping months of November and December. All you need to do is attach a poster, notice, document, plan, todo list, to any other piece of information to the board. Depending on which naive theory consumers use, a low price can indicate either good value or low quality, whereas a high price may imply either poor value or high quality, according to a new study. An affordable basic GSM cell phone (with text-messaging) is what most individual BOP customers need. 5. It is always hard to believe that something good may actually cost within reason. Sonesta Simply Suites Somerset: Does low price must have to mean Low Quality ? No, definitely not. That’s a fairly rational approach. What Is the Theory of Scaling Social Change? The final choice is the best one but getting to the compromise will be the challenge. Does a Low Price Mean Good Value or Bad Quality? IKEA continuously works on the design and construction to find out if any change can help it improve quality and bring prices lower. Consumers who read that passage were more likely to perceive a low discounted price as equating to good value. Find more ways to say low-quality, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Review of Microtel Inn & Suites by Wyndham Winston Salem. Low-quality definition: poor or inadequate | Meaning, pronunciation, translations and examples He said moves Asda made 12 months ago to invest in price and quality were paying off and that it is a strategy he expects to “win” in the long term. Low-profit margins are a great way to attract cost-conscious customers because you’re able to offer them a low price, and you aren’t concerned with running through your customer pool. Dear Shelly, We can definitely understand that you are worried about getting quality flooring for a low price. See more. The forward gallop of undergraduate fees could be because nearly everyone rushes to the price wall because it is there. About the Author Adam is the Digital Marketing Coordinator at e3 Diagnostics. For example – Walmart has positioned itself in the minds of its customer using low pricing rather than high pricing. Another word for low-quality. HandmadePiece Support . Information and translations of at a low price in the most comprehensive dictionary definitions resource on the web. The AMD device not only boots quickly, but is intended to have much lower support costs than a normal PC?a critical feature in … "In the case of price, most people simultaneously believe that low prices mean good value and that low prices mean low quality. For example, L Automobile manufactures high standard cars. Apocalypse Marketing: Top 10 Products & Services for the End of the World, Timing It Right: A Sweet Spot Emerges for Snagging the Best Holiday Gift Deals, BIGGIES vs Harbor Bay Customer Testimonials, Understanding NUTRITIONAL SUPPLEMENTS And Foods Not Good For You, 5G Radiation Health Dangers and 11 Reasons To Be Concerned. “If a consumer has spent the morning struggling with finances, ‘value’ is … Product at a reasonable price to help you judge quality our heads can Impact how we a... Candid photos, and whether or not we decide to buy something fear circulating review Microtel., re … Notice Boards are a useful addition to any office, classroom, church, business or... A lot of low-price fear circulating eager customers with text-messaging ) is what most individual BOP customers need to..., most people simultaneously believe that something good may actually cost within reason would n't attribute its to... 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