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Indian Consumers' Value-Based New Food Product Adoption
Authors:Zee-Sun Yun  Dawn Thorndyke Pysarchik
Institution:1. Michigan State University , East Lansing, Michigan, USA yunzeesu@msu.edu;3. Michigan State University , East Lansing, Michigan, USA
Abstract:In response to increased attention toward Indian markets in general and food markets specifically, multinational companies need to accurately identify the attitudinal and product attribute factors that impact new food product adoption among Indian consumers. Applying integrated decision utility theories, we examined the influence of product familiarity on value-based product purchase decisions and intentions. The results indicate that expected value, perceived value, and purchase intentions are influenced by familiarity; only expected value influences purchase intentions. Marketing implications are also discussed.
Keywords:Indian consumer markets  value-added food  familiarity  product search  new product adoption
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