Boone
Well-known member
I am not outraged at all by costs. But I am the only person spending money out of my wallet. What I am saying is what people mean when they say something costs too much is that the seller didn't tell a utility story to that consumer to justify their cost.
Value = Cost/Utility
In English value is the $'s per unit of utility I get. Utility is an economics term that refers to the total satisfaction received from consuming a good or service. In golf like every product utility is different for me and everyone else, but cost is the same for all of us. Some people get a lot of utility from an Air Jordan logo being on their shoes and some don't. Doesn't change the cost of those shoes so the only buyers will be those that get a lot of utility from the logo.
I didn't mean to pick on PXG, but they are an easy example due to their past. I will try to find something better if I discuss this again.
It’s all good brother. And essentially that’s my point. To a large degree, utility is in the eye of the beholder. Many railing about the cost of a certain club or brand have never had one in their hands. For some a club may be a ‘game changer’ for that individual. Hard to put a price on that. I abandoned relatively new and expensive hybrids a year ago in favor of Cobra woods that allowed me to take my admittedly shabby game to a respectable level. I can’t put a price on that.