How consumers discriminate: Study reveals how the quality of a good and the assortment of choices available influences consumers
Wednesday, August 10, 2011 - 16:30
in Health & Medicine
The study provides evidence on the impact of the size and quality of an assortment has on a consumer when they make purchasing decisions. When consumers are confronted with a proliferation of options, they will sharpen their appreciation of quality, and a switch to superior products will become more enticing. Subsequently, a switch to inferior products will become less tolerable.