ELI5: Explain Like I'm 5

Consumer science

Consumer Science is the study of how people decide which products and services they want to buy and use. People use consumer science to learn why people choose one product over another, or why they're willing to pay one price for something, but not another. It also looks at how people are influenced by advertising, pricing, and other factors in the marketplace. Basically, consumer science is all about understanding why people buy what they do.