For example, brands like Dyson and Shark. Both have similar products but Dyson is just way more expensive. Is it better because it’s more? Or are you really just paying for the name.
I owned both air wrap hair tools and saw no difference between but the price was dramatically different.
I don’t understand how some things are more expensive. Lululemon has shirts for $70+ but similar ones of another brand are way cheaper. Louis Vuitton products are insanely priced but people buy them. Why are they so expensive and why do people buy them? Is it a way to say I have money? I do not understand. Thanks for any replies.
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In some cases you’re also paying for the R&D. Dyson spent a lot of time and money coming up with legitimately innovative engineering solutions. Shark was able to make a knock-off without the years of investment in getting to that point.
Price differences sometimes also reflect differences in quality of manufacturing, after-sales support, warranties, etc.
With fashion to a certain extent you may be partially paying for differences in craftsmanship, materials, and treatment of employees, but at the end of the day it’s also art and you’re paying for the design.
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