Quality of the manufactured products is a major
concern for the masses, but maintaining the quality
within a budget price is a challenge for the
manufacturers. Some advocate that the
inorder to
make them available for many people. This essay
looks up on both the sides and later tries to find out
which one is better for the end consumers.
Longevity, being a prominent factor for many
buyers, when it comes to their purchase decision,
they tend to spend more for a quality product,
instead of a cheaper one. The main idea is to make
the money worth for the customers, by providing
them with materials which can last for a longer
period of time. This had proven to give them more
satisfaction, which inturn would increase the brand
value of the company. Overall it is a win-win
situation for both the consumers and the companies.
Like with the case of “Apple”, a popular tech
company, they had proven to give customer
satisfaction eventhough their products are on the
premium side of the market.
On the other side of the coin, there are buyers who
do not neccessarily care about the product
longevity. They might be the people who like to
replace their bought items often or the people who
do not have enough money to buy a quality product.
They want the companies to make cheaper
products, which is much more convienient for their
lifestyle. For instance, “Xiaomi” is a smartphone
manufacturer, who provides good value for money
products and had became the number one
smartphone seller of Asia in 2020. This shows that
there is scope for cheaper products as well.
To summarize, I think there is a market for every
products, and it is great for the consumers to have
lot of options to choose from. So, it does not really
matter, if the product is cheap or it last longer, as
long as there are customers willing to buy them.
Moreover, it is a fact that they get what they pay
for at the end of the day.
Quality of the manufactured
products
is a major
concern for the masses,
but
maintaining the quality
within a budget price is a challenge for the
manufacturers.
Some
advocate that
the
inorder
to
make
them available for
many
people
. This essay
looks up on both the sides and later tries to find out
which one is better for the
end
consumers.
Longevity, being a prominent factor for
many
buyers, when it
comes
to their
purchase
decision,
they tend to spend more for a quality product,
instead
of a cheaper one. The main
idea
is to
make
the money worth for the customers, by providing
them with materials which can last for a longer
period of time. This had proven to give them more
satisfaction, which
inturn
would increase the brand
value of the
company
.
Overall
it is a win-win
situation for both the consumers and the
companies
.
Like with the case of “Apple”, a popular tech
company
, they had proven to give customer
satisfaction
eventhough
their
products
are on the
premium side of the market.
On the other side of the coin, there are buyers who
do not
neccessarily
care about the product
longevity. They might be the
people
who like to
replace their
bought
items
often
or the
people
who
do not have
enough
money to
buy
a quality product.
They want the
companies
to
make
cheaper
products, which is much more
convienient
for their
lifestyle.
For instance
, “Xiaomi” is a smartphone
manufacturer, who provides
good
value for money
products and had
became
the number one
smartphone seller of Asia in 2020. This
shows
that
there is scope for cheaper
products
as well
.
To summarize
, I
think
there is a market for every
products
, and it is great for the consumers to have
lot of
options to choose from.
So
, it does not
really
matter, if the
product
is
cheap
or
it
last longer, as
long as there are customers willing to
buy
them.
Moreover
, it is a fact that they
get
what they pay
for at the
end
of the day.