Thursday, August 27, 2015

Fair Trade Logo Boosts Consumer’s willingness to pay

Products labeled with a Fair Trade logo cause prospective buyers to dig deeper into their pockets. Participants were willing to pay on average 30 percent more for ethically produced goods, compared to their conventionally produced counterparts. The neuroscientists analyzed the neural pathways involved in processing products with a Fair Trade emblem. They identified a potential mechanism that explains why Fair Trade products are evaluated more positively. For instance, activity in the brain’s reward center increases and thereby alters willingness to pay computations.



from Top Health News – ScienceDaily http://ift.tt/1VdKpZt via Naturally Increase Breast Size At Home
from Tumblr http://ift.tt/1hhEuU4

No comments:

Post a Comment