118. Is more expensive better? When it pays to pay more.
Inside Out Money
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Value vs. Price: The Quality Debate
In this chapter, the hosts discuss the common belief that higher prices guarantee better quality, exploring the psychology behind consumer spending habits. They engage in light-hearted debates over brand-name versus store-brand items, encouraging listeners to reconsider the real value of products. The chapter delves into marketing strategies and the influence of perception on purchasing decisions, ultimately emphasizing the importance of discerning true quality over price.
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