why are you all starting to argue? somethings to note: Branding cost a lot of money. we dont live in a "one quality worth one dollar" era anymore.
imagine A have a very good quality product that cost you $70 to make, $5 dollar to promote/advertise your product and u sell it for $100. profit margin is about 25%
This is the so called quality product per dollar. Another case, B is a branded product which cost $50 to make, $200 to advertise and its sold for 500 dollar. profit margin is about 50%. Maybe A is brand new to the market with no history, so they have to either, emphasis on quality or sharp price different, whereas B has a long history in the market for maybe few hundred years, as their company grow, they will be wanting to build more brand awareness, reputation so that they can sell their product as a premium product. The 80/20 rule state that 20% of the fortune is controlled by 80% of the people, and 80% of the fortune is controlled by 20% of the other group people. different brand target different group.
These 2 different thing cater to different group of people, if u just want something to use u can get A, if u need status, get B.
Similar as housing, no? condo and HDB, basic purpose is to live in only, just a shelter over your head.
No one is right or wrong, to each its own.
imagine A have a very good quality product that cost you $70 to make, $5 dollar to promote/advertise your product and u sell it for $100. profit margin is about 25%
This is the so called quality product per dollar. Another case, B is a branded product which cost $50 to make, $200 to advertise and its sold for 500 dollar. profit margin is about 50%. Maybe A is brand new to the market with no history, so they have to either, emphasis on quality or sharp price different, whereas B has a long history in the market for maybe few hundred years, as their company grow, they will be wanting to build more brand awareness, reputation so that they can sell their product as a premium product. The 80/20 rule state that 20% of the fortune is controlled by 80% of the people, and 80% of the fortune is controlled by 20% of the other group people. different brand target different group.
These 2 different thing cater to different group of people, if u just want something to use u can get A, if u need status, get B.
Similar as housing, no? condo and HDB, basic purpose is to live in only, just a shelter over your head.
No one is right or wrong, to each its own.
