Hello this is my first essay.. and kindly tell me all the errors
“PRODUCTS SOLD AT LOW COST ARE INFERIOR IN QUALITY”
Of course cost and quality are inter-related, but this generation gives more importance to quality and not cost. I have stressed that low cost can never mean low quality in this write up. There could be myriad reasons for a product to be sold at low cost other than quality. Let us have a closer look at all these reasons.
In many market due to competitive spirit the cost of products is quite low. For instance cost of computers remain same based on configuration. If a particular company say IBM decreases it to a new low then the other companies too decrease cost to sustain in market. So competitive spirit is one reason for low cost of product.
Budding traders too quote low for the purpose of establishment. We have seen many new comers in any field to start off low and increase there on. So we cant say their product as low quality only on factor that its quoted low.
In developed trade too, inorder to increase its total revenue they decrease cost. If buyers increase then production increase and it helps to sell product al low profit level. For example RELIANCE mobile sold nearly lakhs of handsets in a single day by quoting an all time low price and good offers. These are done to widen market and network.
Most of cases the Government products cost low since cost of these products are drawn keeping in mind the people below poverty line. But they maintain the standards at the same time.
But there could be certain rich accomplice who inorder to spend their black money invest in business. They deliberately sell products at lower cost but don’t keep hands on quality. So low cost of product could also be due to these people.
People in this century are more conscious about quality factor and so do the manufacturers. So both work to maintain optimum quality at desirable cost. People avoid poor quality products and this fear makes the producers in all field to deliver better quality. So the thing low cost means poor quality is in no reverence to this generation people.
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