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자료유형
학술저널
저자정보
Peter J. Boyle (College of Business Central Washington University Lynnwood WA USA) E. Scott Lathrop (The Martin J. Whitman School of Management Syracuse University Syracuse NY USA) Hyoshin Kim (Department of Health Analytics Battelle Memorial Institute Seattle WA USA)
저널정보
한국마케팅과학회 Journal of Global Scholars of Marketing Science(마케팅과학연구) Journal of Global Scholars of Marketing Science(마케팅과학연구) 제31권 제4호
발행연도
2021.9
수록면
563 - 579 (17page)
DOI
10.1080/21639159.2020.1808820

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Determining the appropriate price for store brands relative to national brands is important. When setting the price, consumers’ perceptions of price and quality need to be considered. Two past approaches employed by store brand researchers to reveal consumers’ value of store brands include asking either: (1) the price discount they would need to be offered to switch from a national brand to a store brand (a measure of “willingness-to-accept”); or (2) the price premium they would be willing to pay to switch from a store brand to a national brand (a measure of “willingness-to-pay”). Research in other domains reveals that willingness-to-accept (WTA) and willingness-to-pay (WTP) estimates can diverge. We formally tested whether WTA estimates differ from WTP estimates elicited from consumers with respect to store and national brand prices. As predicted, WTA price estimates exceeded those of WTP. This pattern held regardless of whether product-quality equivalence of store and national brands was explicitly provided to respondents or whether respondents were free to make their own assumptions of product quality. Implications for private label researchers and product brand managers are discussed.

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