바로가기메뉴

본문 바로가기 주메뉴 바로가기

logo

The difference of perception and subjective value between price discount promotion and bonus pack promotion

Abstract

The purpose of this study compare the difference of consumers' preference and attitude between the price-off sales promotion(price discount) and value-added sales promotion(bonus packs), and investigate that whether consumers perceives the bonus pack as a increased gain or not, and in price discount promotion method whether people intend to consider it not only as a reduced loss but also as a increased budget(gain). Also in this study explore that consumers' perception of incentive can changed depending on their chronic regulatory focus along with their subjective value and purchase attitude. The results showed that consumers prefers to choose the price discount than bonus packs. It is because consumers sees the incentive of price discount much bigger, so they perceives the price-off sales promotion as a increased gain. More specifically, in price-discount there is no difference between people's perception but in bonus packs people intend to see as a increased gain. In contrast with this study's assumption that whether consumer's perception can be changed depending on their chronic regulatory focus is not supported. On the other hand, consumers' subjective value and purchase attitude are affected by chronic regulatory focus.

keywords
price framing, promotion, price discount, bonus packs, chronic regulatory focus

Reference

1.

곽준식, 신병철 (2007). 제품 지식이 판촉효과에 미치는 영향: 가치인하적 판촉과 부가가지적 판촉을 중심으로. 한국경영학회 통합학술대회, 2007(단일호), 1-13.

2.

김주영, 민병필 (2005). 판매촉진 수단 유형의 판촉효과 비교. 경영학연구, 34(2), 445- 469.

3.

박찬수 (2008). 마케팅원리 제 2 판. 서울: 법문사.

4.

민병필 (2003). 소비자 집단별 특성과 판촉수단의 유형에 따른 판촉 효과 연구. 국민대학교 석사학위논문.

5.

유창조, 설승현, 이상준 (2010). 개인조절초점과 메시지 프레이밍의 적합성이 소비자의 반응에 미치는 영향에 관한 연구: 기업의 위기상황에 대한 사과문을 중심으로. 한국심리학회지: 소비자광고, 11(3), 531-552.

6.

이준구 (2008). 미시경제학 제5판. 서울: 법문사.

7.

허종호, 이준환, 홍재원 (2009). 판촉유형과 판촉메시지 유형간의 상호작용이소비자의 제품구매의도에 미치는 효과. 광고학연구, 20(1), 77-87.

8.

Aaker, J. L., & Lee, A. Y. (2001). ‘I’ seek pleasures and ‘we’ avoid pains: The role of self‐regulatory goals in information processing and persuasion. Journal of Consumer Research, 28(1), 33-49.

9.

Blattberg, R. C., Eppen, G. D., & Lieberman, J. (1981). A theoretical and empirical evaluation of price deals for consumer nondurables. The Journal of Marketing, 45, 116-129.

10.

Cesario, J., Grant, H., & Higgins, E. T. (2004). Regulatory fit and persuasion: Transfer from ‘feeling right’. Journal of Personality and Social Psychology, 86(3), 388-404.

11.

Diamond, W. D. (1992). Just what is a ‘dollar’s worth’? consumer reactions to price discounts vs. extra product promotions. Journal of Retailing, 68(3), 254-270.

12.

Diamond, W. D., & Campbell, L. (1989). The framing of sales promotions: Effects on reference price change. Advances in Consumer Research, 16(1), 241-247.

13.

Freitas, A. L., & Higgins, E. T. (2002). Enjoying goal-directed action: The role of regulatory fit. Psychological Science, 13(1), 1-6.

14.

Hardesty, D. M., & Bearden, W. O. (2003). Consumer evaluations of different promotion types and price presentations: The moderating role of promotional benefit level. Journal of Retailing, 79(1), 17-25.

15.

Heath, T. B., Chatterjee, S., & France, K. R. (1995). Mental accounting and changes in price: The frame dependence of reference dependence. Journal of Consumer Research, 22(1), 90-97.

16.

Higgins, E. T. (1997). Beyond pleasure and pain. American Psychologist, 52(12), 1280-1300.

17.

Higgins, E. T. (1998). Promotion and prevention: Regulatory focus as a motivational principle. Advances in Experimental Social Psychology, 30, 1-46.

18.

Higgins, E. T., Idson, L. C., Freitas, A. L., Spiegel, S., & Molden, D. C. (2003). Transfer of value from fit. Journal of Personality and Social Psychology, 84(6), 1140-1153.

19.

Higgins, E. T., & Tykocinski, O. (1992). Self-discrepancies and biographical memory: Personality and cognition at the level of psychological situation. Personality and Social Psychology Bulletin, 18(5), 527-535.

20.

Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47(2), 263-292.

21.

Kahneman, D., & Tversky, A. (1984). Choices, values, and frames. American Psychologist, 39(4), 341-350.

22.

Lee, A. Y., & Aaker, J. L. (2004). Bring the frame into focus: The influence of regulatory fit on processing fluency and persuasion. Journal of Personality and Social Psychology, 86(2), 205-218.

23.

Lockwood, P., Jordan, C. H., & Kunda, Z. (2002). Motivation by positive or negative role models: Regulatory focus determines who will best inspire us. Journal of Personality and Social Psychology, 83(4), 854-864.

24.

Munger, J. L., & Grewal, D. (2001). The effects of alternative price promotional methods on consumers’ product evaluations and purchase intentions. Journal of Product and Brand Management, 10(3), 185-197.

25.

Rothschild, M. L., & Gaidis, W. C. (1981). Behavioral learning theory: Its relevance to marketing and promotions. The Journal of Marketing, 45, 70-78.

26.

Sawyer, A. G., & Dickson, P. R. (1984). Psychological perspectives on consumer response to sales promotion. Research on Sales Promotion, in Research on Sales Promotions: Collected Papers. Katherine Joez, ed, Cambridge, MA: Marketing Science Institute.

27.

Shah, J., Higgins E. T., & Friedman, R. (1998). Performance incentives and means: How regulatory focus in-uences goal attainment. Journal of Personality and Social Psychology, 73, 447-458

28.

Simonin, B. L., & Ruth, J. A. (1998). Is a company known by the company it keeps? assessing the spillover effects of brand alliances on consumer brand attitudes. Journal of Marketing Research, 35(2), 30-42.

29.

Sinha, I., & Smith, M. F. (2000). Consumers' perceptions of promotional framing of price. Psychology and Marketing, 17(3), 257-275.

30.

Thaler, R. (1985). Mental accounting and consumer choice. Marketing Science, 4(3), 199-214.

31.

Zhou, R., & Pham, M. T. (2004). Promotion and prevention across mental accounts: When financial products dictate consumers’ investment goals. Journal of Consumer Research, 31(1), 125-135.

logo