Doctor Damage
I'll Lock Up
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- Ontario
Exactly! We are talking about quality that far exceeds the point of diminishing returns. A $350 par of jeans is better quality than a $70 pair of jeans, but not five times better; and a $300 flannel is better quality than a $60 flannel, but not five times better. If one is focused on a linear quality to dollar, bang for your buck ratio, one will never patronize the highest quality garments because they invariably are far beyond the point of diminishing returns. Of course, this is all subjective and product dependent. The cost/quality spectrum is quite broad, and where we ultimately end up depends on a myriad of factors.
These are excellent points and worth learning by heart.Exactly. All clothing manufacturers decide how much money to invest in materials, manufacturing and labor for their particular garments, which in turn dictates their product cost and retail pricing. Most companies could produce higher quality garments if they chose to do so, but they instead select a lower quality/price point to maximize efficiency and profits. Can't blame them. As an investor, I would rather own H&M or Zara, as opposed to The Real McCoys or Freewheelers.