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	<title>Business and Marketing &#187; quality</title>
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		<title>Element of price and quality</title>
		<link>http://businessgoonline.com/element-of-price-and-quality/</link>
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		<pubDate>Thu, 22 Oct 2009 10:29:53 +0000</pubDate>
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				<category><![CDATA[Business establish]]></category>
		<category><![CDATA[Branding]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[competition]]></category>
		<category><![CDATA[Market]]></category>
		<category><![CDATA[pricing]]></category>
		<category><![CDATA[product elements]]></category>
		<category><![CDATA[quality]]></category>
		<category><![CDATA[Service]]></category>
		<category><![CDATA[strategy]]></category>

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		<description><![CDATA[This is the most common elements where this strategy may stand up to produce a superior quality of product or service and charge at higher price, or to produce a lower cost product or service and charge at lower price. Scope of product Creating more product lines is one of the strategy to provide the [...]]]></description>
			<content:encoded><![CDATA[<p>This is the most common elements where this strategy may stand up to produce a <a href="http://businessgoonline.com/element-of-price-and-quality/">superior quality</a> of product or service and charge at higher price, or to produce a lower cost product or service and charge at lower price.</p>
<p><span style="text-decoration: underline;"><strong>Scope of product</strong></span><br />
Creating more product lines is one of the strategy to provide the client an one stop shopping service.</p>
<p><span style="text-decoration: underline;"><strong>State of art product</strong></span><br />
Create an technically advance product or service can form a powerful strategy if the business has the capability to offer state of art product, and usually this type of product will cost more than a normal one.<span id="more-128"></span></p>
<p><span style="text-decoration: underline;"><strong>Brand name product</strong></span><br />
Generally a product established with <a href="http://exchangehostings.com/online-business-identity-domain-name-for-online-business-branding.html">strong brand name</a> would command at higher price and create a memorable brand would usually cost the business expensive in term of advertising.</p>
<p><span style="text-decoration: underline;"><strong>Niche market</strong></span><br />
Offering the product or service to a target niche market is one of the <a href="http://businessgoonline.com/element-of-price-and-quality/">common strategy for small business</a>. Usually smaller volume of product would cost higher operating cost, but the business would face lesser competition in the market.</p>
<p><span style="text-decoration: underline;"><strong>Service</strong></span><br />
Offering a world class customer service can be used to differentiate a business from the competitor who offer low class of service quality or totally not at all.</p>
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