Some people believe that the higher a product is priced, the more likely it is that people will want to buy it. To what extent does price influence potential buyers? What other factors influence people to buy a product.

I disagreed with the statement above which people believe that the higher prices of the
product
will make them more willing to buy. The prices of the products are normally determined through its
brand
, processing fees, exporting fees or even promoting fees. It means that the costs for producing
such
products only required a small portion of its total prices.
Hence
, it means that a higher
price
does not mean to be higher quality of the
product
. In my points of view, I think that the
price
can influence potential buyers throughout its
brand
. People will tend to purchase the higher
price
of a
product
when they realized it is made or manufactured from a well-known
brand
.
Additionally
, people tend to know a famous
brand
more easily as compared to an unknown shop. It is because there are several branches of a
brand
in worldwide, which make people easy to access with. It is undeniable that the more well-known shops provide standard quality of the
product
.
However
, it does not guarantee that the cheaper products will always come with low quality.
Besides
, the other factors that influence people to buy the
product
is through marketing and promoting techniques. The higher exposure of the
product
throughout marketing techniques like advertisements, social media or ambassadors can increase the potential buyers to purchase with the
product
. It is because the marketing departments will do researches and surveys to know the current trend of the people’s needs.
Consequently
, people will like to try the new products when they are attracted by the advertisements or ambassadors. In short, people will be attracted to buy the
product
not only because of its higher prices. Some people are not able to afford with
higher priced
Suggestion
a higher priced product
product
, but more preferable to the normal or cheap products. The higher
price
of the
product
sometimes can be unnecessary for them. For them, a well-functioning
product
is relatively important than a well-known
product
.
Submitted by xiipei1994 on

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