Cost Considerations

There are various considerations people have when thinking about the costs of the products and services that they will be purchasing. Some of those considerations are going to be quality, time, and status symbols.

NOTES:

Conspicuous Consumption –

Link (Wikipedia)

Luxury –

Link (YouTube): Luxury Fashion Is For Broke People

Status Symbols –

Iron Triangle of cost, quality, time –

Now vs Later Value (cashflow type idea)

Value for sure Vs Possible Value