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Luxury: Price doesn.t matter
Necessity: Price doesn't matter
Emergency: Price doesn't matter
Non-availability: Price doesn't matter
Low Proximity: Price doesn't matter
Fascination: Price doesn't matter
Spiritual requirements: Price doesn't Matter.
Casual Approach:Price matters and that too depend upon the paying capacity and availability for the purpose.
Are we talking buying to re-sell? Then "Cost Effectiveness" which is the balance between cost itself and quality desired.
Are we talking general purchase? Then whatever you think the item is worth according to your spending capabilities.
GOOD COMPLETE ANSWER BY MR.KRISHNA,,,,,,,,,,,,,,,,,,,,, NOTHING TO ADD,,,
Not so much the price but rather "Value for Money". My old Grandad used to say "you get what you pay for", meaning if you buy cheap the quality will not be very good etc and that, generally speaking, is true.
It will base on how practical you are. The things you buy will depend if it is a want or a need, then that's the time you decide if the price matters.
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