The effect of consumer risk perceptions and information search on willingness to buy GM food products: a cross cultural analysis
Ursula Bougoure, Aron O’Cass
Abstract
Ursula Bougoure, Aron O’Cass
Abstract
This paper seeks to address the widespread call in the literature for the cross-cultural examination ( and validation) of accepted concepts within consumer behaviour, such as consumer risk perceptions and information search. The findings of the study provide support for a number of accepted relationships, whilst identifying distinct cross cultural differences in external information search and willingness to buy genetically modified (GM) food products by consumers.
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This paper seeks to address the widespread call in the literature for the cross-cultural examination ( and validation) of accepted concepts within consumer behaviour, such as consumer risk perceptions and information search. The findings of the study provide support for a number of accepted relationships, whilst identifying distinct cross cultural differences in external information search and willingness to buy genetically modified (GM) food products by consumers.
Key concepts: Perception, Risk perception, Willingness to pay, Marketing, Advertising, Genetically modified food, Business, Consumer behaviour