^ Or you could say it is a great value.
OK, yoyoman. You may be on to something here.
Perhaps we should consider redefining (or defining for the first time) the following phrases to mean something like this:
1)
Cheap Flashlight -
Unreliable, so it is essentially junk, however low the price.
2)
Budget Flashlight -
Reliable enough to be useful, so it can easily "save you" in times of real need; but, still at a very low cost.
("Times of real need" meaning a very dark situation where you would be happy to have even a candle and a pack of matches.)
However, according to this definition, a Budget Flashlight should truly be within almost everyone's "budget." Meaning that it must be priced at such a low price that almost anyone can easily afford one, if they ever wanted or needed one.
(Once again, here is where we are likely to always have trouble agreeing on just what that price point should be. But, for the sake of discussion, I will choose "Less than $20" as a guideline.)
3)
Value Flashlight -
An excellent "deal" (cost/performance ratio) at any price.
Given this definition, a solid gold flashlight priced at $5,000 (or whatever fantastic number you prefer) could logically be considered a "Value Flashlight," so long as it compared favorably (in cost/performance) with other solid gold flashlights.
I think I could "live with" the above definitions, but to be honest, I personally feel the need to make a clearer distinction between "science" (or in this case, "engineering") and "art."
If you view flashlights strictly as a functional tool, then the issues that determine their cost/performance ratio should always be "scientific" and logical. If, however, you view flashlights as a form of art (which they surely can be), then the cost/performance ratio becomes highly biased by personal preference.
Some people love Picasso, and are willing to pay millions. Others wouldn't have a Picasso painting in their home at any price.
No one can say who is correct; it is strictly a matter of personal preference. And, in cases like this, everyone is fully entitled to their own personal opinion. Unfortunately, however, many peoples' opinions are too easily swayed by high asking prices.
In other words, people say to themselves, "If it costs millions, it
must be a great painting!" But this is not necessarily true. I read just last month about someone paying over $3,000 for a painting, painted by Michael Jackson's former pet chimpanzee.
To some people, such a painting might be worth that price, simply as a novelty (or conversation piece), but I doubt it was a very good painting. However, as I have already said, everyone is certainly entitled to their own opinion when it comes to "art."