ECONOMICS (CBSE/UGC NET)

ECONOMICS

CONSUMERS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Consumers interpret information, so it is consistent with their beliefs and values.
A
Reference Group
B
Motivation
C
Supply
D
Selective Comprehension
Explanation: 

Detailed explanation-1: -Selective comprehension refers to consumers interpreting information in a way that confirms that beliefs that they already hold. This can lead to a devoted sense of brand loyalty, where a consumer will purchase certain products because they believe the brand isbest, regardless of actual productperformance.

Detailed explanation-2: -Selective comprehension involves interpreting information so that it is consistent with one’s attitudes and belief.

Detailed explanation-3: -Interpretation involves making sense out of the stimulus. For example, when we see a red can, we may categorize it as a CokeÒ. Weber’s Law suggests that consumers’ ability to detect changes in stimulus intensity appear to be strongly related to the intensity of that stimulus to begin with.

Detailed explanation-4: -Selective process theory is comprised of four steps: selective exposure, attention, perception and retention. Through selective processes theory, individuals interpret the media in their own way and tend to avoid messages that do not confirm their beliefs.

There is 1 question to complete.