Abstrack
A study on the change of consumers' acceptable price in
a price cues and prior knowledge of reference price advertising
Yoo, Pil Hwa, Ph.D. Professor Dept. of Business Administration SungKyunKwan University
Kim, Eun Jung, Ph.D. Part time Instructor Dept. of Business Administration SungKyunKwan University
Reference price ads is controversial practice that
pervade the consumer environment and receives a great deal of attention
from managerial interests. Therefore, the purpose of
this study is to study change of consumer's acceptable price level
and range by price cues and prior knowledge of reference price ads.
Based on the results of experiment design, the followings
are founded: first, the plausible price cues reference price ads
improved subject acceptable price level. Second, the expert
tended to have narrower acceptable price range and high acceptable
price level, upper limit and lower limit than the novice. Third,
the expert is raised acceptable price level by plausible external
reference price cues and no external reference pric cues. And
the novice is raised acceptable price by an exaggerated external
reference price cues.
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