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Measuring price sensitivity to the consumption situation

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Resumo:Consumer segmentation is very relevant in the design of wine marketing strategies. Previous studies showed that there is a relationship between the consump-tion situation and the willingness to pay for a bottle of wine. In this sense, the con-sumption situation is considered a segmentation variable. However, price sensitivity in relation to the consumption occasion was not measured. In this paper, we propose four measures of price sensitivity to the consumption occasion. We illustrate how to com-pute them and discuss their advantages and limitations. One of the measures only dis-criminates consumers that are sensitive to the consumption occasion from those who are not. In turn, the other measures are more informative and make it possible to dis-tinguish between different degrees of sensitivity. The proposed measures can be used to classify consumers and further improve the knowledge of wine marketeers and deci-sion makers in the wine industry about them.
Autores principais:Candeias, Teresa
Outros Autores:Alonso, Hugo
Assunto:Wine Consumption situation Willingness to pay Sensitivity measure
Ano:2024
País:Portugal
Tipo de documento:artigo
Tipo de acesso:acesso aberto
Instituição associada:Universidade de Aveiro
Idioma:inglês
Origem:RIA - Repositório Institucional da Universidade de Aveiro

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