Good taste is selecting a piece for its quality and not for the brand. This person is pleased to find a great deal, they don't boast about purchasing an item at full price. Someone with good taste knows when to invest in an item and when something is overpriced. To have good taste is to be a smart shopper and to have appreciation for the right products.
Although good taste aligns with some of the same qualities someone with style may possess, style and good taste are not the same. Style is about representing the person you are. This person is essentially "branding" his or herself. They will often shop specific brands because it fits who they are. They may not care about the quality or if something is overpriced. This person's main concern is their presentation and spending $500 on a faux leather jacket may be a good decision in their eyes if this item reflects who they are.
I believe for someone to present who they are to the fullest, they should have good taste. When you know yourself confidently, you are able to find a piece of yourself in every brand and create looks that reflect this. Not being a smart shopper and not having the ability to sift through the investment pieces and overpriced items says a lot about you. It shows you lack confidence and knowledge. A confident woman could care less if people think less of her because she purchased a luxury item on sale. Most people don't like to waste money so they will not spend $200 on a polyester blouse that is attempting to pass for silk. It undermines their intelligence, especially when the tag reveals the materials used to create the piece.
Be someone with good taste and a sense of style or at least hire a stylist to do this for you. Don't rely on fashion to tell you how to shop and dress, as it shows you don't think for yourself. Shouldn't your appearance reflect you and not the world? After all, you are the one that spends hours at the mall (unless you have a stylist) spending your money to dress well. Why would you leave it up to fashion to tell you what to buy and wear?
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