The (r)evolution of wine marketing mix: From the 4Ps to the 4Es
Giuseppe Festa,
Maria Teresa Cuomo,
Gerardino Metallo and
Antonio Festa
Journal of Business Research, 2016, vol. 69, issue 5, 1550-1555
Abstract:
Recently, the wine sector is developing very interesting market dynamics, both for old-world countries (as regards wine) and new world ones. Furthermore, old-world countries still have a product orientation, whereas new-world ones have a market orientation. Starting from the 4Ps model (product, price, promotion, and place), this study develops a theoretical framework specifically for wine-marketing mix. This study draws on a literature review on marketing mix variables—and the role of knowledge in consumer purchase behavior—to propose the 4Es formula (expertise, evaluation, education, and experience) based on a certain knowledge of the consumer/taster. Thus, an experimental marketing action applies the concept of wine marketing mix, according to the 4Es model, to a panel of consumers. The results, although with some limitations, support the relevant contribution of knowledge to the wine-marketing mix.
Keywords: Wine marketing; Marketing mix; Consumer purchase behavior; Knowledge; Sommelier language (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (6)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:69:y:2016:i:5:p:1550-1555
DOI: 10.1016/j.jbusres.2015.10.015
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