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Branding To Sell For A Higher Price
A pen that has no brand name sells for 10 rupees but the same pen is sold for 1000 rupees by merely branding. Is this deception?
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1 Reply
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Branding To Sell For A Higher Price
updated 1 year, 5 months ago
2 Members
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1
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People buy a particular brand because with higer price, it also offers better quality. Merely branding a product does not make it worthy of purchase. Brands usually earn peoples trust with better products and better services in order to establish a permanent customer base. Islam does not put a restriction on setting price of products, instead it prefers the free market forces to determine price of a particular product.
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