Effects of price reframing tactics on consumer perceptions
Miyuri Shirai
Journal of Retailing and Consumer Services, 2017, vol. 34, issue C, 82-87
Abstract:
This article compares the effects of three pricing tactics—temporal reframing of prices (TRP), measure-based unit pricing (UP), and usage-based UP—on various consumer perceptions. Although these tactics are similar as they all reframe retail prices to a smaller amount, dissimilarity also exists as the respective units used for calculating these reframed prices differ. A laboratory experiment was performed to draw comparisons among the three types in a context of print advertisement. The results suggest that usage-based UP provided the most beneficial information for consumers; however, the differences between usage-based UP and TRP were not substantial.
Keywords: Price reframing; Temporal reframing of price; Unit pricing; Consumer perceptions (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (6)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joreco:v:34:y:2017:i:c:p:82-87
DOI: 10.1016/j.jretconser.2016.09.009
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