How Much?

"You get what you don't pay for."

Bill Matthies

Planning consultant, Business Wisdom guy, serial entrepreneur

I was thinking about quality and the role price plays in our purchase decisions.

(Please forgive the personal indulgence; with more than 800 posts and only this one from me, I thought it wouldn't hurt.)

How much something costs is important but only in relation to value, which in turn does not correlate 100% with low price.

The Cost of Thrift

"Sometimes one pays most for the things one gets for nothing."

Albert Einstein

I bought an office chair this weekend, which, as with so much today, was made in China at close to or at the lowest cost possible.

The price was definitely right but unfortunately the chair wasn't. I had to return the original due to defects, and then opened two replacements at the store before finding one that was right.

My version of Einstein's thought is you get what you don't pay for.

What cost is that to business?