Price or Quality?
Post 2 of 113
Replying to [Ozzy]:
The trade between price vs. quality also depends on the target market. In a same country, you may have both customers ? customers seeking high quality that are willing pay extra and customers seeking low price that are willing to sacrifice quality. Therefore, if you are a trader or manufacturer, it is wise to keep various versions or packages for your product or services.
Price may be universal, but sometimes quality can be relative. For a poor country, the assumption of quality may be lower than the rich countries. Often the quality also depends on taste. e.g The quality of Chinese dish in China and Chinese dish in Bangladesh may not be the same. The Chinese may think that the Bangladeshi Chinese is rubbish and vice versa.
So, quality should be tailor made in terms of the target consumers, the price will follow. That?s why most companies shoot slogans ? Quality First.
The trade between price vs. quality also depends on the target market. In a same country, you may have both customers ? customers seeking high quality that are willing pay extra and customers seeking low price that are willing to sacrifice quality. Therefore, if you are a trader or manufacturer, it is wise to keep various versions or packages for your product or services.
Price may be universal, but sometimes quality can be relative. For a poor country, the assumption of quality may be lower than the rich countries. Often the quality also depends on taste. e.g The quality of Chinese dish in China and Chinese dish in Bangladesh may not be the same. The Chinese may think that the Bangladeshi Chinese is rubbish and vice versa.
So, quality should be tailor made in terms of the target consumers, the price will follow. That?s why most companies shoot slogans ? Quality First.
24 Aug 2006 02:25
Post 3 of 113
Jute Exporter,
You are right to make this assumption if you plan on capturing a large target market, you have to satisfy diverse needs.
Others though, who concentrate on a specific target market, would have a different strategy.
Welcome & Good Luck.
![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif){kind=icon}
24 Aug 2006 07:22
Post 4 of 113
Replying to [Ozzy]:affordable price with the best quality is the mantra of todays marketing stratergy for volume products
26 Aug 2006 01:50
Post 5 of 113
Replying to [Ozzy]:
Ensuring quality can not only increase volume can also yield premium price and assured market for ever.
Ensuring quality can not only increase volume can also yield premium price and assured market for ever.
26 Aug 2006 10:02
Post 7 of 113
Replying to [Ozzy]:I think value is most important.
11 Sep 2006 14:43
Post 9 of 113
Replying to [Ozzy]:
price and quality in stipulated time delivery willgive more sales
price and quality in stipulated time delivery willgive more sales
15 Sep 2006 23:38
Post 10 of 113
Replying to [Ozzy]: It depends on your target customers. Some markets price plays major role than quality, while in other quality is the priority.
16 Sep 2006 19:29
Post 11 of 113
Replying to [Ozzy]: both will generate more sales you cannot split these
20 Sep 2006 02:00