Question

Why are branded goods expensive?Why are things cheaper in weekly markets?

Answer 1

Answer:

Branded goods are more expensive because of the high quality material these brands use. And these products from the companies are usually more lasting and these products have more buyers. The goods are shown and promoted through advertisements, posters, etc. whereas in weekly markets, the goods are mostly made in the local areas and the shopkeepers don't spend that much money on packaging the goods, rent for shop, electricity and etc. In weekly markets people bargain to bring the prices down but in branded stores, the rate is fixed and we cannot bargain. In weekly markets there are many sellers of the same product so, there is competition among them.

Explanation:

Answer 2

Branded goods are expensive because big brands have a reputation in the market.

Explanation:

1. Branded goods are expensive as compared to the goods sold in weekly markets. Branded goods are better in quality as compared to cheap goods sold in weekly markets.
2. This is because the branded goods are produced in big factories whereas goods sold in weekly markets are produced locally by using less advanced technology.
3. Similarly, branded goods have a reputation in the market while the cheaper goods in weekly markets do not have a brand reputation or brand image attached to them.