4 ms·
Oh you’re talking about the level of quality leveling off at a certain point when increasing price. The quality difference between a $10 product and a $100 pro
by scyzoryk_xyz 5y ago
Oh you’re talking about the level of quality leveling off at a certain point when increasing price.
The quality difference between a $10 product and a $100 product of the same type is enormous. But then when you go up to $200 the quality increases much less. There is a name for this that I can’t recall right this second, the point being that there is a sweet spot price/quality wise for most things.
- aceki 5y agoYou're thinking of the Law of Diminishing Marginal Returns
- cuu508 5y ago"sweet spot", "the point of diminishing returns"
- amanaplanacanal 5y agoWhen it comes to clothing, a lot of people pay extra for specific brands, especially if the tag is on the outside so that other people can see it. Best not to do that if you are looking for good value.