How products become valuable
Some studies show that most consumers consider the popularity of a product more than its quality. For instance, a consumer would most likely choose a particular car brand because his/her family and friends trust that certain brand.
In fact, an increase in the number of users benefits the consumers. In economics, this is called the network effect. For example, there were only a few users of the internet before. A few years later, more and more people gained access to the internet. As a result, more information, websites, and services were produced. Consumers receive better services to choose from. Meaning, the more users a product has the more valuable it becomes.
1. | According to some studies, what do most consumers consider? |
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2. | Who benefits from an increase in the number of users? |
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3. | How does a product become more valuable? |
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Words and Expressions | Sample Sentences | |
quality | The company is trying to improve the quality of their products. | |
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consumer | Nowadays, most consumers prefer online shopping. | |
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benefit | The new company rules will benefit the employees. | |
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access | All students have an access to the library. | |
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valuable | He owns valuable books. | |
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1. | What products do you usually buy when you go shopping? |
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2. | Do you prefer shopping online? |
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3. | Do you usually check the price before buying a product? |
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4. | Do you usually buy from popular brands? |
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5. | Which do you prefer, popularity or quality? |