People tend to seek more information about high-priced and socially visible products.

Question

Quizplus · Accepted Answer

This phenomenon is known as conspicuous consumption and is a well-established concept in marketing and consumer behavior research. People often associate high-priced and socially visible products with status and use them as a form of self-expression or social signaling. Therefore, they are more likely to seek information about these products to make a well-informed purchase decision and signal their social status.

People Tend to Seek More Information About High-Priced and Socially