Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Underlying Dimensions of Purchase Decision Process for Consumer Durables: A Confirmation of the Customer - Value Hierarchy Model


Affiliations
1 Assistant Professor, Department of Management, Faculty Division-I, Birla Institute of Technology and Science (BITS), Pilani - 333031, Rajasthan, India
2 Professor, Department of Management, Faculty Division-I, Birla Institute of Technology and Science (BITS), Pilani - 333031, Rajasthan, India
     

   Subscribe/Renew Journal


The purpose of this study was to find out the dimensions (factors) that customers use in deciding about purchasing a consumer durable, more specifically, a color television. A thirteen item questionnaire was used to elicit responses from 100 potential customers in the city of Jaipur. Factor analysis (data reduction technique) was applied on the collected data. It resulted in the emergence of five factors viz. Core Features; Reliability and Cost; Ease of Operation; Memory, Aesthetic, and Response features; Brand Performance and New features. This seems to confirm the customer - value hierarchy model of five product levels namely Core Benefit, Basic Product, Expected Product, Augmented Product, and Potential Product as these levels match with the earlier five factors presented in the research study. The implication of this study is the continued relevance of looking at a consumer durable as a five layered product offering.

Keywords

Factor Analysis, Customer-Value Hierarchy, Five Product Levels, Consumer Durables.
User
Subscription Login to verify subscription
Notifications
Font Size

Abstract Views: 265

PDF Views: 0




  • Underlying Dimensions of Purchase Decision Process for Consumer Durables: A Confirmation of the Customer - Value Hierarchy Model

Abstract Views: 265  |  PDF Views: 0

Authors

Rajesh Matai
Assistant Professor, Department of Management, Faculty Division-I, Birla Institute of Technology and Science (BITS), Pilani - 333031, Rajasthan, India
Anil K. Bhat
Professor, Department of Management, Faculty Division-I, Birla Institute of Technology and Science (BITS), Pilani - 333031, Rajasthan, India

Abstract


The purpose of this study was to find out the dimensions (factors) that customers use in deciding about purchasing a consumer durable, more specifically, a color television. A thirteen item questionnaire was used to elicit responses from 100 potential customers in the city of Jaipur. Factor analysis (data reduction technique) was applied on the collected data. It resulted in the emergence of five factors viz. Core Features; Reliability and Cost; Ease of Operation; Memory, Aesthetic, and Response features; Brand Performance and New features. This seems to confirm the customer - value hierarchy model of five product levels namely Core Benefit, Basic Product, Expected Product, Augmented Product, and Potential Product as these levels match with the earlier five factors presented in the research study. The implication of this study is the continued relevance of looking at a consumer durable as a five layered product offering.

Keywords


Factor Analysis, Customer-Value Hierarchy, Five Product Levels, Consumer Durables.



DOI: https://doi.org/10.17010/ijom%2F2013%2Fv43%2Fi5%2F36383