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Price assessments by consumers: influence of purchase context and price structure
Author(s) -
Rosa Diaz Isabel Maria
Publication year - 2013
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.1470-6431.2011.01053.x
Subject(s) - context (archaeology) , product (mathematics) , order (exchange) , perception , marketing , consumer behaviour , economics , advertising , business , microeconomics , psychology , mathematics , geometry , finance , neuroscience , paleontology , biology
Among the numerous factors that influence decisions on prices, consumer behaviour has special significance. This paper reviews and analyses relevant studies conducted during the last few decades. On the basis of our analysis, four categories of factors that determine consumer behaviour have been identified. Additionally, we have developed an experimental research design to analyse the influence that the following factors have on price perception: price structure (i.e. price level, order of presentation and price differences), purchase context (i.e. reason for purchase or product use) and demographic characteristics (i.e. gender). Results reveal a significant influence of these variables on consumer behaviour.