Knife Block Set Deals
6 Piece Steak Knife Set with Eco friendly Wood Block Great Deal
Time Remaining: 13h 27m
Buy It Now for only: $10.99
Can companies say their product is worth any number they want to make you think you're getting a deal?
I was looking at this website that sell "World's best knife set". They list 12 knife set and say "this is WORTH $300 but you can get it for $100!" and it shows the wood block and says "this is WORTH $100 but you can have it for $40". So my question is, do they just basically just make up that worth number?...clearly if the knives sell for $100 then they aren't worth more than $100. You know what I'm saying- how can they possibly say the block is worth $100...it's a piece of wood that probably cost you $3 and you're selling it for 40.
Here is a good example. Have you ever heard of Jos. A. Bank? I have nothing against the company, but they have a funny marketing method. They outrageously overprice all of their suits and then give "AMAZING 2 for 1 SPECIALS." In reality, the suits are probably worth 25% of the list price, so they are still making 50% (not accounting for overhead, just cost of goods sold).
Yup, they can make up whatever number they want. Have you ever seen prices in stores increase right before a big sale? People like the idea of a discount, even though it may not actually mean anything.