Research Proposal What attributes of eco-labels are important to Essay

Research Proposal What attributes of eco-labels are important to consumers - Essay ExampleThis research proposal seeks to ascertain the eco-label attributes that consumers consider important.Eco-labelling has the fundamentals of randomness economics written all over it. Eco-labels help consumers in understanding the impact of a growth on the environment. They use the discipline to make a decision on whether to support the product or not (FAO, n.d.). In economics, Stigler portrays information is a valuable resource. For example, a consumer will go around petition for product prices from different sellers. The consumer will continue asking until he or she gets the lowest price. It is apparent that the consumer will not relax until the marginal cost of the product equals the marginal cost of obtaining additional information (FAO, n.d.) Eco-labels provide valuable information on product characteristics, history, and cost, which influences consumer decisions (Delmas & Lessem, 2014).Th e level of importance that consumers attach to eco-labelling is high because eco-labels contain information about the product reference (Teisl, Roe, & Hicks, 2002). Research has shown that information of product quality is very difficult to obtain in the marketing compared to information on prices (Leopold nitty-gritty & Iowa University Business Analysis Laboratory, 2004). Consequently, consumers are willing to pay higher for the information product quality (Loureiro & Lotade, 2005). It helps them avoid purchasing disappointing products. The level of uncertainty that add with product labels can push consumers to prefer information on quality. Therefore, consumers prefer the quality attribute of eco-labels on products (Delmas, 2010).Eco-labels influence consumer product preferences. A comprehensive supposed analysis of the economics of analyzes reveals that some consumers will make purchasing decision based on the eco-labels. Typically, consumers make purchase decisions based on product quality and price. In fact, some consumers can purchase products at