Does high price mean higher quality

[Paul Abel]

While making purchases you must be mindful of the fact that not all items or goods with high prices have good quality. The quality of a product is at times possibly determined by the price but indeed there are moments when knowing the quality of a product goes beyond it's price.

There are so many high costing products that do not have the quality which similar products with low prices possess. As a person trying to manage yourself and maintain good finances, you should go for qualitative products that will last longer.

And always remember that because it is cheap does not mean it is local and because it is costly does not mean it is non qualitative and vice versa.

 

[Augusta]

I agree with you because a lot of people I know spend money on brands than on the content or the product they are buying. The producers know this and they capitalise on this. They do produce good products initially to make a name but when they have they start producing mediocre.

And the consumers might not know the tricks will continue to go for the brand not knowing that the products are no longer of longer quality.

So people should know this and go mostly for the content of the products and not the name. Yes sometimes brand or name don't mean high quality.

 

[Knowlopedia]

Having a higher price does not always mean higher quality. Just because something is more expensive does not automatically mean that it is better than a cheaper option. There are many different factors that can affect how much something costs, including how far away the supplier is and what kind of materials they use. It's important to take these factors into consideration before you make any conclusions about whether a product has higher quality or not.

To illustrate, let's look at buying a new car as an example. The first major factor in determining the price of the car will be where you buy it from; those dealerships closer to the manufacturer tend to charge more for the same products because they have lower yard-sale prices and enjoy big discounts on new cars being delivered from overseas manufacturers.

 

[Mika]

A higher price does not give you higher quality in many cases. You pay a higher price just for the brand value. Do you actually think Gucci shoes are better than shoes from xyz company? Well, you pay more money for Gucci shoes because it had a certain brand value attached to it. Once Zuckerberg was asked do you buy from big brands, he said no. I don’t spend money on luxury brands. If someone like Zuckerberg does not spend money on expensive items, there is no reason you should. Therefore, if you want to improve your finances, you need to stop spending money on expensive items.