3 ms·
The majority of consumer products are priced according to what people will pay, not what they cost.
by moonchild 5y ago
The majority of consumer products are priced according to what people will pay, not what they cost.
- gruez 5y ago>The majority of consumer products are priced according to what people will pay That'd depend entirely on your purchasing habits. "what people will pay" is an upper bound on the price, and "what they cost" is an lower bound. For high end/luxury products (eg. iPhone 12 pro max 256GB), prices are indeed dictated by "what people will pay", but for low end/commodity products (eg. low to mid range android phone, or everyday staples like food) it's dictated by "what they cost" due to competition.