People see the value of products differently for several reasons:
Utility: This means how much satisfaction someone gets from a product. For example, a study found that 60% of people really enjoy organic food, while 30% don’t find it as appealing.
Preferences: Everyone has their own tastes. Surveys show that 75% of shoppers prefer products that are good for the environment, meaning they value sustainability more.
Budget Constraints: People have different amounts of money to spend. Statistics reveal that 40% of low-income households can’t buy luxury items, so they see less value in them.
All these factors work together to influence how people buy things.
People see the value of products differently for several reasons:
Utility: This means how much satisfaction someone gets from a product. For example, a study found that 60% of people really enjoy organic food, while 30% don’t find it as appealing.
Preferences: Everyone has their own tastes. Surveys show that 75% of shoppers prefer products that are good for the environment, meaning they value sustainability more.
Budget Constraints: People have different amounts of money to spend. Statistics reveal that 40% of low-income households can’t buy luxury items, so they see less value in them.
All these factors work together to influence how people buy things.