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Japanese consumers' use of extrinsic and intrinsic cues to mitigate risky food choices
Author(s) -
Kim Renee
Publication year - 2008
Publication title -
international journal of consumer studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.775
H-Index - 71
eISSN - 1470-6431
pISSN - 1470-6423
DOI - 10.1111/j.1470-6431.2007.00636.x
Subject(s) - valuation (finance) , product (mathematics) , preference , risk perception , food choice , quality (philosophy) , marketing , business , advertising , microeconomics , economics , psychology , perception , medicine , philosophy , geometry , mathematics , finance , pathology , epistemology , neuroscience
The stated preference data were used to simulate and examine consumers' valuation of important extrinsic and intrinsic cues that are associated with risky foods. This analysis generates information on how consumers assess trade‐offs between price and selected intrinsic and extrinsic cues to determine their choice among alternative products. From this, optimum level of product quality attributes (i.e. intrinsic cues) and optimum price level for import products can be derived. Also, most effective sources of communicating food safety and risk management can be identified. The results show that the country origin cue is a key factor in understanding consumers' choice behaviour for food product that entails potential risk, which may suggest that consumers are using this information as a risk‐reduction strategy.