Week 3 - Why People Pay More For The Same Product That Was Produced By A Different Company

There are many different companies who specialize in producing different products. However, many companies have similarities in their products. For example, Intel and AMD both produce Central Processing Units or CPUs, however, the prices of these items differ significantly. Intel CPUs are, on average, more expensive than AMD CPUs. This could be the result of a multitude of reasons. One reason Intel CPUs are more expensive than AMD could possibly be because that more people know and trust Intel to produce a strong yet reliable CPU to power their computer. Due to Intel's marketing strategies and individual development over the years, they have built themselves up to be a sturdy driving force in producing quality content for their customers.

Despite Intel seemingly running a monopoly on CPUs, AMD has still come into its own by releasing CPUs that challenge Intel. There are many strengths that AMD has over Intel in terms of producing CPUs. For example, the biggest reason why some people actually prefer AMD over Intel is because AMD CPUs have the ability to be overclocked — a feature not all Intel Central Processing Units have.

Overall, there are many reasons why people flock to a certain company for their products. It could be due to a sense of trust that has been built between the customer and manufacturer. Or it could be simply because one offers features that the other does not. Either way, this specific example of competition between companies results in a betterment in technology.

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