Title: Higher Price, Better Product? | Living Rich Cheaply
Headings: Higher Price, Better Product?
Higher Price, Better Product?
Content: Higher Price, Better Product? | Living Rich Cheaply
Higher Price, Better Product? credit: freedigitalphotos.net by Stuart Miles
I’m a frugal person, which to me means I look for the best value, but sometimes I can be cheap, meaning I just buy the cheapest thing. There is a difference. At times, the cheap products that I’ve bought may breakdown or not work as I had hoped. And here is what most people say to me: “You get what you pay for!” “Buy it right or buy it twice”
Many people think that if they pay more for something then it will be better than something with a lower price tag. According to the Journal of Consumer Research, a high price indicates either bad value or good quality, whereas low price indicates either good value or poor quality.