Does High Price Equal  High Quality?

When asked about how to differentiate good products from bad ones, quite a number of people take it for granted that high price equals high quality. Confronted with uncertainty about the intrinsic value of the products, consumers simply use the rule of thumb that they understand. They believe that high-quality products need high cost, resulting in high price. In a word, price reflects quality.(反映)

However, others who hold the opposite opinion argue that there is no one-to-one correspondence (一一对应的关系)between quality and price. Having been exposed to news about fake products and fraud, many customers come to realize that salesmen also charge high price for low-quality products. They are supported by a recent case that a famous luxury furniture brand is found to cheat customers with low-quality products.

As far as I am concerned, only when business is transparent, honesty and free from deception, can High price equal to high quality. Therefore, in the current circumstance, we cannot determine the quality of one product solely by its price.

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