Making a choice between a cheap and affordable option for hosting and an expensive business one is entirely based on the needs of the website(s) being hosted and the budget available from the client. Anyone that needs to choose between such options needs to understand what they will be getting with each option.
Choose between cheap and business hosting

Business hosting is often associated with businesses because of the intense amounts of resources that such websites require to keep running with fewer restrictions than smaller hosting plans allow. Business options will often offer the highest available options in website storage, bandwidth availability and memory. Storage is important, especially when the website is offering a large amount of media or will have resources available for visitors to download from the site or upload to the site. Bandwidth is the amount of data from the storage which can be transferred in and out of the website which is usually much higher with business type hosting services. The memory that is available is also important for business applications because these types of websites will be more memory intensive on the server.
A cheap web hosting plan is often the option that most businesses and general clients turn to when they are in the mindset of saving money from their total budget. Although there is nothing wrong with a cheap hosting solution, caution should be taken especially because a cheaper option is not as dedicated to harboring a business type website than a larger hosting package that is available from the same company. For starters, the cheap hosting will usually be offered on a shared server, which means that the server is shared by several clients who will be using up the server resources depending on how they are distributed. This means that the total amount of resources that are available to the website will not be as much but may be enough depending on the type of website that will be placed on this hosting option.
While most consumers will leap into choosing a hosting option before fully understanding them, most will want to at least understand what they are getting themselves into and whether or not they need what is available with such plans. The recommended option for most consumers is to have them choose a cheap option that is upgradeable whenever they need more resources. This makes it possible to still pay a cheap price until the time comes when they need to have more available for their website to run.
A great way to look into web hosts is by comparing them side to side. Choosing the webhosting services and having their plans available in a manner for you to compare what they offer allows you to have a better idea of what you will be committing to. It is always a good idea for a consumer to choose an option that allows a money back guarantee for the services if they do not meet the expectations or are misrepresented in any way to the consumer.