"The higher the price, the better the product" strategy works only if the product actually delivers top quality.

Name: "The higher the price, the better the product" strategy works only if the product actually delivers top quality.
Brand: Quizplus
Rating: 5.0 (39 reviews)

Question

Quizplus · Accepted Answer

The statement is saying that if a product is more expensive, it must be of better quality. However, this only works if the product actually delivers top quality. In other words, the price is not the only indicator of quality.

"The Higher the Price, the Better the Product" Strategy Works