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Feb 05, 2018 · When High Prices Attract Consumers and Low Prices Repel Them Price has informational value that equates high price with high quality. Posted Feb 05, 2018The Pricing - Quality Model | Smart InsightsNov 25, 2013 · One marquee hire company I worked with offered high quality service and a very low price which was a superb-value strategy. It didnt work. Research showed that potential customers were suspicious and didnt place orders with them as they thought the product quality was low because the price was low. They raised their prices adopting a high high quality with low price 40cr5mosivPrice quality matrix - Relationship between price and qualityJan 25, 2020 · As you can see in the price quality matrix, whether to keep your prices high or low can be decided on how the customer perceives the competition.If the competition is offering high value products, at a high price, then you can penetrate the market by having a lower price.This will affect your brand recognition, but you can definitely penetrate the market better.
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