Perception is the process by which individuals organize and interpret their sensory impressions to give meaning to their environment. It involves sensation, where stimuli are received through the senses, and perception, where sensations are organized and interpreted. Key aspects of perception discussed in the document include absolute threshold, differential threshold, selective exposure, selective attention, perceptual defense, and perceptual blocking. Marketers aim to design advertising that breaks through these perceptual processes to gain consumers' attention and influence their interpretations.