100. People value a product more highly when it's physically in front of them

Beschreibung

Flussdiagramm am 100. People value a product more highly when it's physically in front of them, erstellt von Tiffany Griffith am 08/03/2017.
Tiffany Griffith
Flussdiagramm von Tiffany Griffith, aktualisiert more than 1 year ago
Tiffany Griffith
Erstellt von Tiffany Griffith vor mehr als 7 Jahre
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Zusammenfassung der Ressource

Flussdiagrammknoten

  • Example, how does the way a product is shown to a participant influence how much they are willing to pay?
  • People Value A Product More Highly When It's Physically In Front Of Them
  • Red, juicy, delicious apple
  • Participants were given a photo of the product
  • Participants were given the name and description of the product
  • Participants had the product in front of them
  • A picture of the item did not increase the product's worth to the participant.
  • A description of the product did not increase the product's worth to the participant.
  • Having the product in front of the participant increased the value of the product by more than 60%
  • In the end, research shown that participants are willing to spend more on a product when it is easy available. This research was also done with samples and the results were the same. Participants valued the actual product rather than the sample.
  • Pictures used from Pixabay.com and Pexels.com
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