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Higher quality or lower price? How value-increasing promotions affect retailer reputation via perceived value
- Authors
- Yoon, Sukki; Oh, Sangdo; Song, Sujin; Kim, Kyungok K.; Kim, Yeonshin
- Issue Date
- 10월-2014
- Publisher
- ELSEVIER SCIENCE INC
- Keywords
- Value; Price; Quality; Promotion; Retailer; Perception
- Citation
- JOURNAL OF BUSINESS RESEARCH, v.67, no.10, pp.2088 - 2096
- Indexed
- SSCI
SCOPUS
- Journal Title
- JOURNAL OF BUSINESS RESEARCH
- Volume
- 67
- Number
- 10
- Start Page
- 2088
- End Page
- 2096
- ISSN
- 0148-2963
- Abstract
- Marketers often attempt to increase consumers' perceptions of value by raising the quality or reducing the price of products. Five studies demonstrate that consumers are generally more sensitive to lower-price promotions than to higher-quality promotions as they form their perceptions of retailer reputation (Study 1), that the perceived value mediates this effect (Study 2), that store image (prestigious vs. thrifty) moderates the effect (Study 3), and that perceived price level (Study 4) and quality level (Study 5) independently drive the moderating effect of store image. (C) 2014 Elsevier Inc. All rights reserved.
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