“…According to this theory, there are five types of value, and they are classified as follows: - Functional value, which has the ability to fulfil the function for which a product was created, and this may include attributes, such as texture, taste, freshness and overall quality in the case of new food products (Perrea et al , 2015).
- Social value, which includes the association of a person’s product choice with the expected choice of a specific social group (Sweeney and Soutar, 2001; Pihlström and Brush, 2008; Cheng et al , 2010; Perrea et al , 2015), and it may be based on the belief that consumers make a connection between a particular social class or referential group membership and new food products (Perrea et al , 2015).
- Emotional value, which arouses feelings or affective states that a product generates (Sheth et al , 1991; Sweeney and Soutar, 2001) and may have a link with the hedonic value, given that a consumer’s own pleasure, liking and comfort may give rise to this value (Perrea et al , 2015).
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