Question

What makes BOSE speakers and products do good? In your discussion, explain why high quality products and services are the most profitable What compels people to pay the huge cost for these products compared to other least costly goods and services? Analyze one other student's post concerning quality goods and services.

Answer 1

Answer & Explanation :

Reasons of Bose speakers' & products' goodness

• Excellent Design - Best suitable for major premium 'willing to pay' customers
• Supply - Exceptionally capable suppliers
• Manufacturing - Updated & superior quality technologies, based on intense research & development

High quality products & services outshine in market for following reasons:

• The proportionate higher quality is sold at much higher relative price.
• These goods become 'ostentation' (status symbol) goods, are bought not only for their increased value, but also for prestige.
• Rejection based repair & rework is minimum. This synergises internal processes & increases cost efficiency.

So, high prices & cost efficiency imply - high profitability for such high quality products.