Definition of preference
1 Meaning of preferencePreference, a term that comes from the latin praefĕrens, allows you to point to the advantage or primacy that something or someone has on other thing or person. This preference can arise for various reasons, such as value, the merit or personal interests.
For example: "this author is not my preference, although I admit that it knows how to generate intrigue in his stories", "tango is among my musical preferences", "the trainer has a preference for Gonzalez, although it also occurred the hiring of Ramirez".
In the social sciences, the preference is a (real or imaginary) choice between alternatives and how to order them. What is preferred often act as motivation or impulse for the development of actions. People prefer to enjoy rather than suffer: therefore will develop a behavior that, it is supposed, will provide them with more joy and pleasure than other designed to generate sorrow and suffering.
For the economy, a consumer preference will determine your consumption. The General preferences of the society, will therefore be crucial for the success of a trade and, in general, for the structure of the market.
There are several factors which have an impact on a consumer preference. One of them is the price, since people tend to seek the lowest prices. Other important factors are the quality, durability and brand value (what a person feels that you purchase to be a product; can be associated with a particular status to which the consumer intends to access). The companies that manage to interpret the market preferences and can consequently adapt its offer are the most successful.
2. Definition of preferenceThe word choice is the effect of preferring, that derives from the latin "praeferre" with the meaning of prioritizing to something or someone on another subject or object. Provided that is preferred is assessing, for example, if I prefer Luis instead of the Peter's company, may be because it is more affectionate, understanding and responsible; or perhaps because it has greater influence in my workplace and I see approach me it an opportunity for employment promotion. In the first case my preference is based on the qualities of personal de Luis, in the second because it is a means for my purpose.
The same thing can occur with objects. I prefer to live in a House because it is comfortable or beautiful, or because there lie my affections, or because I have near my work, etc., but there will always be a value at stake, whether it is ethical, spiritual, aesthetic, or utility.
Preferences occur when you choose, always preferred in relation to something else or someone else. The preferences of the people about products and services, determine demand in economy, and to meet these preferences is where companies are directed. Often preferences do not arise in the form free, but motivated by advertising, which orients the elections, towards what is shown as more appealing, good taste, quality or hierarchy.
Sometimes the preference is established legally. In commercial law the right of preference, is held members of a limited liability company to continue to maintain its equity percentage, buying in preference to others, to an issue of shares. In this case it involves priority acquire them with respect to third parties.