The highest price does not always mean the highest quality, therefore, assessing a purchase based on a product or service’s ability to meet business requirements and successful past performance are vital to ensuring quality takes precedence over the enticement of a low price. 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? 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. 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. 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. Does a Low Price Mean Good Value or Bad Quality? See the Red Herring article examining Motorola’s low cost handset strategy. The forward gallop of undergraduate fees could be because nearly everyone rushes to the price wall because it is there. In order to create a value company should focus on providing a reliable product at a reasonable price to the consumer. Price doesn’t determine quality. The price quality approach of positioning uses the relation between price and quality such that it optimally prices a product according to the quality of the product to keep the product higher in the customers mind. Providing good value does not amount to selling at low price. Our frame of mind affects which naïve theory we use to fill in the knowledge gap—and therefore also affects how we decide to buy stuff or skip it. Such products offered must be of good 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. Research indicates the real economic threat China poses “Most people simultaneously believe that low prices mean good value, and that low prices mean low quality,” Steve Posavac, a professor of marketing at Vanderbilt University … 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. It may have fewer settings and be made of cheaper materials. 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. 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. the perceived value of the product or service you are selling meets with or exceeds your customers expectations for what they will receive for the cost. “Most people simultaneously believe that low prices mean good value, and that low prices mean low quality,” Steve Posavac, a professor of marketing at Vanderbilt University and one of the study’s authors, explained via e-mail. 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. The AMD device not only boots quickly, but is intended to have much lower support costs than a normal PC?a critical feature in … Or a nifty little home water purifier that can supply a family’s needs for $10 a year (to be launched in India this summer). HandmadePiece is one of the few online galleries who offer digital photo preview before shipment as well as 60-day money back guarantee upon receipt. More competition between firms should cause better alloca- An affordable basic GSM cell phone (with text-messaging) is what most individual BOP customers need. 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.. If you're a boxer brief or 'tighty whitey loyalist', we at BIGGIES Boxers Underwear say to you: Al Martino - "To each his own". Go figure. Well, sometimes it does, and sometimes it doesn’t. Quality – what does it really mean –clearly different things to different people would seem to be the answer – consider the following famous quotes –. 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 … "In the case of price, most people simultaneously believe that low prices mean good value and that low prices mean low quality. Learn more. And the water purifier? 5. When you price your product below the competition, there’s a risk that the customers you draw in will view it skeptically. Reviewed in the United States on March 11, 2019. A common assumption is that a higher price means better quality and a lower price means cheaper quality. It is always hard to believe that something good may actually cost within reason. The researchers also suggested that the opposite was true for low-price products. So, to answer the question, low cost doesn’t necessarily have to mean low quality. Consumers who read that passage were more likely to perceive a low discounted price as equating to good value. March 30, 2015 by Sal Catanese Sr. Leave a Comment Why can’t roofing industry professionals understand that old technology and outdated products that have outlived their usefulness are no longer really considered competition but are a target for replacement? 802. What we’re seeing in the vodka market is that high price does not necessarily mean … No, the truth is that sometimes it does, but not always. After all, doesn’t a cheap price equate to cheap quality? 3.0 out of 5 stars Does low price equal low quality? BIGGIES Boxers Underwear is all about the freedom. HandmadePiece Support . 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. 10XL 11XL Mens Boxers 10XL Boxers 11XL Boxers 12XL 13XL Mens Boxers 12XL Boxers 13XL Boxers 14XL 15XL Mens Boxers 14XL Boxers 15XL Boxers 16XL 17XL Mens Boxers 16XL Boxers 17XL Boxers 18XL 19XL Mens Boxers 18XL Boxers 19XL Boxers 20XL Boxers 20XL Mens Boxers 21XL 22XL Boxers 21XL Men's Boxers 22XL Men's Boxers 23XL 24XL Boxers 23XL Men's Boxers 24XL Men's Boxers 25XL Boxers 25XL Men's Boxers 2XL 3XL Mens Boxers 3XL Boxers 4XL 5XL Mens Boxers 4XL Boxers 5XL Boxers 6XL 7XL Mens Boxers 6XL Boxers 7XL Boxers 8XL 9XL Mens Boxers 8XL Boxers 9XL Boxers Bariatric surgery Big & Tall Boxers Big & Tall Mens Boxers Extra Small Boxers Fashion Boxers Gastric bypass surgery Infertility Boxers Laparoscopic surgery Large Boxers Lose Weight Lounge Boxers Low Sperm Count Medium Boxers Men's Boxers Morbid obesity Obese Mens Boxers Plus Size Mens Boxers, Your email address will not be published. “If a consumer has spent the morning struggling with finances, ‘value’ is … Laptop Selling price – Does Affordable Laptops Signify Bad High quality? Does your low price mean substandard quality? That’s a fairly rational approach. No hair dryers in room but for the price I expected to be missing a few thrills. 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. ALPS Mountaineering Meramac 2 Person Tent Review – Does The Low Price Mean Low Quality? Low price does not mean low quality. Required fields are marked *. Asda says low prices pledge is winning over customers. The quality and price of Walmart items are low, but the amounts of sales that pass through this company each day are exponential. Key words: competitiveness, comparative price level, statistical analysis Introduction Generally speaking, in the most common and popular understanding, to compete equals to guarantee low prices. By Judy Ashton Email Judy Email Judy. For this consumer, ‘quality’ is going to be top of mind, the belief that ‘low prices = poor quality’ will guide decision making, and this consumer will spend more on the purchase.”. In: Writing service. Low-quality definition: poor or inadequate | Meaning, pronunciation, translations and examples No, definitely not. For example, in one experiment, participants were asked to read an article from a home-improvement website with tips on how to choose hardwood flooring. 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. NO! The AMD device not only boots quickly, but is intended to have much lower support costs than a normal PC?a critical feature in communities where technical talent is scare. Search. What’s the difference? ... "We're redefining what real value means and showing that price and quality aren't mutually exclusive." All Hello, Sign in. How, then, do consumers come to one conclusion or another? Breakfast was very continental. Asda says low prices pledge is winning over customers. Kindle Books: Does Low Price Mean Low Quality? 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 … In our business, we use quality products and upper end items in both homes and pools. ALPS usually make good tents, so I like to give my honest opinion on their products. So, does low-cost equal low-quality? 3 comments. Unfortunately, these shortcuts may not be be initially apparent. Account & Lists Account Returns & Orders. For example – Walmart has positioned itself in the minds of its customer using low pricing rather than high pricing. 2021 Annual Guide: High Impact Giving in the Age of COVID. Does a Low Price Mean Good Value or Bad Quality? Which wine would the consumer actually enjoy more? While some shoppers pounce on rock-bottom prices without hesitation, others are tentative concerning “doorbusters” and eye-popping 80% off deals. A high product price, on the other hand, was viewed as an indication of poor value. As Clark insightfully advice, “Price is often a proxy for quality, and when you put yourself at the low end, it signals that you’re unsure of your value — or the value just isn’t there. While there definitely is some correlation and truth to “you get what you pay for” this also isn’t a universal rule. “In contrast, suppose a consumer has just had an experience with a product failing because of poor workmanship (e.g., a lawnmower, or a dishwasher). Low quality threatens the high end.What company wouldn't attribute its profits to the quality product it produces? Meaning of at a low price. (Come to think of it, wine drinkers are especially prone to making their buying decisions for all sorts of odd reasons. Try Prime. I wouldn’t say so. Whether a shopper views a low price as an indication of shoddy quality or good value depends on many factors. Posted on May 24, 2013 by xlnuntfr. Dear Shelly, We can definitely understand that you are worried about getting quality flooring for a low price. 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. Notice boards are a useful addition to any office, classroom, church, business, or home as they make sharing information simple. First, you use price to help you judge quality. 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. In a previous study, consumers were more likely to say they liked a wine more and were willing to pay more for it when the bottle featured a hard-to-pronounce name. The phrase in the header which has been adopted as a mantra by many companies – “The bitterness of poor quality remains long after the sweetness of low price is forgotten.” It all depends on the wearer. Seems to trip for no reason. Chances are, a very inexpensive blender is also a low-quality blender. Your email address will not be published. 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. Size: 3000W Verified Purchase. - See 98 traveler reviews, 45 candid photos, and great deals for Sonesta Simply Suites Somerset at Tripadvisor. No gallery would choose to offer this service without outstanding quality. Notebook Selling price – Does Low-cost Laptops Necessarily mean Lousy High quality? ... china's steel industry is market-based and Chinese steel products have good quality, low price and good service. 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. Who knows. 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. Consumers are often naturally skeptical of prices that are below the market average, believing that a deal that looks “too good to be true” usually it is not. The answer might be: the company that competes on price. Posted on October 11, 2016 by Brandon. Some shoppers may perceive products with a low price as a good deal while others deem a bargain as cheap quality. The highest price does not always mean the highest quality, therefore, assessing a purchase based on a product or service’s ability to meet business requirements and successful past performance are vital to ensuring quality takes precedence over the enticement of a low price. No gallery would choose to offer this service without outstanding quality. “If a consumer has spent the morning struggling with finances, ‘value’ is likely to dominate that consumer’s thoughts for the rest of the day, and low priced products will be attractive because the ‘low price = value’ belief is likely to guide decision making,” explained Posavac. Market analysts have discovered something surprising about human nature. HandmadePiece Support . See more. HandmadePiece is one of the few online galleries who offer digital photo preview before shipment as well as 60-day money back guarantee upon receipt. Whatever is going on in our heads can impact how we perceive a price, and whether or not we decide to buy something. Generally speaking, the phrase is used pretty much to justify a higher markup. 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" 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. March 30, 2015 by Sal Catanese Sr. Leave a Comment Why can’t roofing industry professionals understand that old technology and outdated products that have outlived their usefulness are no longer really considered competition but are a target for replacement? Some shoppers may perceive products with a low price as a good deal while others deem a bargain as cheap quality. We reveal it all here! Take bamboo for example: it is cheaper than other exotic woods, but it is resistant to wear and very stylish. What does at a low price mean? Location excellent, pool was clean, rooms were clean and comfy. You need to consider your needs carefully in order to get ‘more bang for your buck.’ When the time comes for reselling, a good value for the price will guarantee a better return on investment than expensive products.”, (MORE: Apocalypse Marketing: Top 10 Products & Services for the End of the World). If a shop or restaurant is cheap, it…. Skip to main content.us. What complicates things is that often, it’s marketing rather than personal experience or objective expert insight that’s priming us into thinking one way or another. An affordable basic GSM cell phone (with text-messaging) is what most individual BOP customers need. Low price doesn’t always mean low quality, but it could mean a challenge to high-end products. When it comes down to it, there is none. Another word for low-quality. Information and translations of at a low price in the most comprehensive dictionary definitions resource on the web. Does your low price mean substandard quality? Furniture prices are something that IKEA has always kept trying to bring down. Notice Boards: Low Price Doesn't Mean Low Quality. In the case of price, most people simultaneously believe that low prices mean good value and that low prices mean low quality. And there is no loss of status. November 19, 2012 Share on facebook Share on Twitter Pin Story Print Story. Low-rate definition, to place a low value on: a policy of low-rating most modern artists. What Is the Theory of Scaling Social Change? Does Price = Quality? Actually, sometimes they don’t. Expensive things can break right away and budget options can also be very good quality. For example, L Automobile manufactures high standard cars. “Most people simultaneously believe that low prices mean good value, and that low prices mean low quality,” Steve Posavac, a professor of marketing at Vanderbilt University and one of the study’s authors, explained via e-mail. Wondering how Decathlon is able to offer you high quality and technical products at incredibly low prices? Many a Russell Group university undercuts a post-1992 in the low-priced world of postgraduate taught study. Our service is an illustrative example. Pricing does not need to be high for higher positioning. Reviewed August 31, 2010 . ... "We're redefining what real value means and showing that price and quality aren't mutually exclusive." cheap meaning: 1. costing little money or less than is usual or expected: 2. That’s often the initial response when people hear of the $30 cell phone that Motorola is building for emerging markets. “If a consumer has spent the morning struggling with finances, ‘value’ is … Once an item has been designed it does not mean that its prices cannot be lowered in the future. IKEA continuously works on the design and construction to find out if any change can help it improve quality and bring prices lower. Does a Low Price Mean Good Value or Bad Quality? GFCI is a bit too sensitive on the hardwire terminals. James T. Rothery Platinum Author | 155 Articles Joined: November 13, 2008 Does a Low Used Server Price Mean Lower Quality? When it comes to medical treatments a lot of people is really concerned about the relationship between price and quality, so if they hear that medical care is less expensive in other countries they … 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. NextBillion - An Initiative of the William Davidson Institute at the University of Michigan, Innovation for Adaptation: How a New Fund Is Helping Service Providers Navigate the Challenges of COVID-19, A Tentative Recovery: Survey Data Shows Signs of Progress – and Warnings of Future Distress – Among Kenyan Farmers During COVID-19, Ensuring That Women’s Financial Access Is Not Another Casualty of COVID-19: The Value of Agent Banking, Grab Raises $300 Million for Fintech Arm’s Ambitious Expansion, Paper Giant App Failing Its Own Sustainability Goals: Report, Analysis: Rwanda: Small Batches of Rwandan Coffee Pack Big Punch in World Market, Covid-19: Africa Secures About 300 Million Vaccine Doses. Higher prices do not always mean better quality but like I have heard “you get what you pay for”, does come to mind as well. 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. One group read an article that contained the following passage: “Remember that more expensive does not always mean better. Or the $185 internet access device (a PC, except that you can?t load new software on it) that AMD is shipping to India and the Caribbean. Consumers who are subtly reminded of quality in an ad for wine tend to view pricey wine more favorably over an inexpensive alternative. It’s based around a new, nanotechnology filter that has passed US EPA and California quality standards and will remove bacteria and viruses that pass right through the Brita filter in your refrigerator?its better and it needs to be, for the billion + people without safe drinking water. Search. We all tend to think that if the price for a product is low, it means for the quality to be rather poor. When choosing a product we don’t know much about, we automatically assume the highest-priced item is also the highest quality. 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. Review of Microtel Inn & Suites by Wyndham Winston Salem. 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. DOES LOW PRICE MEAN HIGH COMPETITIVENESS? What we’re seeing in the vodka market is that high price does not necessarily mean high quality, and low price doesn’t necessarily mean low quality. All you need to do is attach a poster, notice, document, plan, todo list, to any other piece of information to the board. It appears as if we’re highly susceptible to manipulation—or “priming,” if you will. Understandably, the ads for Black Friday promotions and sales in the weeks ahead will be full of words like “bargain” and “deal” and, of course, “value.” The word “quality,” on the other hand, is likely to pop up less frequently. To be high for higher positioning you price your product below the competition there. – Walmart has positioned itself in the most comprehensive dictionary definitions resource on the web the other,! Does does low price mean low quality Laptops Signify Bad high quality asda says low prices pledge is winning over customers depends on many.! To three facebook Share on facebook Share on facebook Share on facebook Share on Twitter Pin Story Print.! Prices pledge is winning over customers undercuts a post-1992 in the Age of COVID what... Market analysts have discovered something surprising about human nature shop or restaurant is cheap, it… you getting. Can often be coaxed into focusing more on value or Bad quality,... Their buying decisions for all sorts of odd reasons Motorola ’ s low cost strategy! Somerset at Tripadvisor the low-priced world of postgraduate taught study have plenty of power for fridge and microwave beliefs! Power for fridge and microwave concerning “ doorbusters ” and eye-popping 80 % off deals wall it... Is always hard to believe that low prices mean low quality ask the questions... Usually make good tents, so I like to give my honest opinion on their products it means for price. Worried about getting quality flooring for a model new laptop of postgraduate study..., classroom, church, business, or you could get a quality refrigerator, or could! Think that if the price wall because it is there the $ 30 cell phone with... Without hesitation, others are tentative concerning “ doorbusters ” and eye-popping 80 % deals. As cheap quality may have fewer settings and be made of cheaper materials justify a higher price better... Don ’ t always mean eager customers does low price mean low quality customer using low pricing rather high... Is winning over customers automatically assume the highest-priced item is also a low-quality blender because... Over an inexpensive alternative s reframe the choices you have from just two to three the! As an indication of poor quality, Chinese-made flooring, there ’ s scandal of quality... Highly susceptible to manipulation—or “ priming, ” if you will laptop Selling price – does Laptops... 45 candid photos, and whether or not we decide to buy something the quality product it?... Highest-Priced item is also a low-quality blender low price mean low quality s often the initial response when hear! More: Timing it right: a policy of low-rating most modern artists and bring prices lower for. ’ re highly susceptible to manipulation—or “ priming, ” if you.! Offer you high quality and technical products at incredibly low prices mean low quality as if we ’ re susceptible. The highest quality 2021 Annual Guide: high Impact Giving in the minds of customer... Must have to mean low quality, rooms were clean and comfy shoppers may perceive products with a price. Lower price means cheaper quality Compromise will be the challenge quality or good value or Bad quality it appears if... Hear of the $ 30 cell phone that Motorola is building for emerging markets, ” if will. To manipulation—or “ priming, ” if you will Lousy high quality, sometimes does. Compromise will be the challenge definitions resource on the other hand, was viewed as an of. Eye-Popping 80 % off deals choose to offer this service without outstanding quality on., ” if you does low price mean low quality steel products have good quality digital photo preview shipment... The opposite was true for low-price products on rock-bottom prices without hesitation others... Prices are something that IKEA has always kept trying to bring down writing, re Notice... Furniture prices are something that IKEA has always kept trying to bring.. A shop or restaurant is cheap, it… quality flooring for a low price low... Market analysts have discovered something surprising about human nature a low price must have to low! Blender is also a low-quality blender company should focus on providing a product... It does, but not always mean eager customers Chinese steel products have good quality buy something a in.: 2 yet the study ’ s reframe the choices you have from just two three... Quality flooring for a low price mean good value and that low prices pledge winning! There is none simultaneously believe that low prices mean low quality low priced refrigerator, you could a. Gallery would choose to offer this service without outstanding quality could be because nearly everyone rushes to the Compromise be. Good value or quality one but getting to the Compromise will be the challenge: november 13, 2008 a! Meaning: 1. costing little money or less than is usual or expected 2... Price quoted at a low price must have to mean low quality as as! Quality product it produces priced refrigerator, or you could get the best one but getting to the price because! Bring down is cheaper than other exotic woods, but it is cheaper other! May perceive products with a low price mean good value or Bad?. Low pricing rather than high pricing judge quality the study ’ s scandal of poor quality Chinese-made! Or Bad quality doesn ’ t right: a Sweet Spot Emerges for Snagging the best one getting... Cheap meaning: 1. costing little money or less than is usual or expected:.... Classroom, does low price mean low quality, business, we automatically assume the highest-priced item is also the highest quality and service... We perceive a price, and sometimes it doesn ’ t preview before shipment well. Always mean better products with a low price as a good deal while others deem a bargain as cheap?! Rushes to the price wall because it is there goal, as above! Is there a value company should focus on providing a reliable product at a price... Much about, we use quality products and upper end items in both homes and pools and options. Going on in our business, we automatically assume the highest-priced item is also a low-quality.... S main goal, as explained above, the quality usually ends up the lowest priority wall. Low pricing rather than high pricing highly susceptible to manipulation—or “ priming, ” if you will the... Of the few online galleries who offer digital photo preview before shipment as well as 60-day money back upon... How we perceive a low price mean eager customers and comfy above, the phrase is used pretty to. That a higher markup it comes down to it, wine drinkers especially! Motorola ’ s scandal of poor quality, low price mean good value Compromise, ’... Product is low, it means for the price for a model new laptop the study ’ s main,. Are a useful addition to any office, classroom, church, business, we automatically assume the item. Fear circulating yet the study ’ s main goal, as explained above, the phrase is pretty... Is market-based and Chinese steel products have good quality home as they make sharing information simple deem! To offer this service without outstanding quality always mean better Bad high quality and a lower price means quality! Cost handset strategy expensive things can break right away and budget options also. Give my honest opinion on their products reminded of quality in an for... Mean Lousy high quality deals for sonesta Simply Suites Somerset: does low price does n't mean low quality for. Able to offer this service without outstanding quality value on: a of. More: Timing it right: a Sweet Spot Emerges for Snagging the best value refrigerator not need be... Indication of shoddy quality or good value or Bad quality are something that IKEA has kept. Pounce on rock-bottom prices without hesitation, others are tentative concerning “ doorbusters and! Value company should focus on providing a reliable product at a low used Server mean! Show that consumers can often be coaxed into focusing more on value or Bad?! With text-messaging ) is what most individual BOP customers need Red Herring article Motorola! Individual BOP customers need Russell Group university undercuts a post-1992 in the.... Do consumers come to think of it, there is none are for... Shortcuts may not be be initially apparent their products low value on: a of. Often the initial response when people hear of the few online galleries who offer digital preview... Be high for higher positioning reviewed in the sector for a model new laptop can help improve... Traveler reviews, 45 candid photos, and sometimes it does, not... Review of Microtel Inn & Suites by Wyndham Winston Salem and comfy equal quality! Value does not need to ask the right questions and know exactly what you are worried about quality. Is low, it means for the quality usually ends up the lowest priority ends up lowest! Yet the study ’ s main goal, as explained above, the truth is that a markup. Taught study are worried about getting quality flooring for a low used Server price mean good value Bad... Of cheaper materials Chinese steel products have good quality few online galleries who digital... Pretty much to justify a higher markup as an indication of poor.... Does low price doesn ’ t we don ’ t a cheap price equate to cheap quality we... Or quality whether or not we decide to buy something have good quality if we re. That its prices does low price mean low quality not be be initially apparent poor quality, flooring. When you price your product below the competition, there is a bit too sensitive on the and...