Consumer's Behaviour in East Slovakia after Euro Introduction during the Crisis

Eva Litavcová, Robert Bucki, Robert Štefko, Petr Suchánek () and Sylvia Jenčová

Prague Economic Papers, 2015, vol. 2015, issue 3, 332-353

Abstract: The paper highlights the results of the survey of potential retail customers. The survey emphasizes the relationship between their responses to the chosen marketing pricing strategies and the perception of the introduction of the euro and the crisis. The multi-dimensional techniques were used to implement input data concerning perceptions of the euro introduction and the crisis in order to create a segmentation of respondents dividing them into: optimists, pessimists, crisispessimists, euro-pessimists, profiteers. It was subsequently proven that the responses of the members of these segments to the chosen pricing strategies EDLP (Every Day Low Pricing), Hi-Lo (High Low Pricing) and PMG (Price Matching Guarantees) differ significantly. Furthermore, the relation between the found segmentation and the subjective perception and assignment to the social group from the point of financial security is shown. Moreover, further segmentation of respondents according to their subjective anxiety about their future was carried out. Finally, the emphasis is put on the relation between the perception of the euro introduction in the country during the current influence of the world economic crisis on potential retail customers in the East Slovak Region and their subjective anxiety about their future.

Keywords: cluster analysis; factor analysis; two-step cluster; marketing pricing strategies; crisis; euro introduction; EDLP; Hi-Lo; PMG (search for similar items in EconPapers)
JEL-codes: C12 C18 C40 G01 M21 M31 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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DOI: 10.18267/j.pep.522

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