Final answer:
A high quality website is key in establishing a good reputation, presenting a professional image, and enabling businesses to command higher prices for their goods or services.
Step-by-step explanation:
The third reason to have a high quality website is to establish a good reputation. A high quality website contributes significantly to the public perception of a company or individual. By presenting information in an accessible and professional image, a website can influence potential customers and clients to view the entity it represents as trustworthy and credible. Moreover, in an age where social media profiles are reviewed by potential employers, a professionally curated online presence can demonstrate expertise and connect with networks in the industry.
Having a quality website helps in getting repeat customers who are likely to recommend the business to others. In addition, the domain of the website can play a role in how it's perceived, with .edu, .gov, and .org domains typically being seen as more trustworthy sources of information than .com domains. Websites are an essential tool for businesses to communicate their values, attract customers, and ultimately enable firms to command a higher price for their goods or services.