The sellers high quotation often provides the buyer with a basis for evaluating the value of the sellers goods This is because price can reflect the value of a commodity People generally believe that

The seller's high quotation often provides the buyer with a basis for evaluating the value of the seller's goods because the price can reflect the value of the commodity. People generally believe that "you get what you pay for." High prices are always associated with high-value goods, while low prices are naturally associated with low-value goods. This undoubtedly benefits the seller in obtaining greater profits.