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Foreign Product Purchase Behavior in Transition Economies: An Empirical Analysis of Product Information Sources Among Georgian Consumers
Authors:Ali Riza Apil  Erdener Kaynak  Serkan Yalcin
Institution:1. International Black Sea University;2. Pennsylvania State University at Harrisburg;3. International Business and Marketing at Saint Louis University
Abstract:SUMMARY

This article analyzes the product information sources that consumers in transition economies, specifically in Georgia, utilize when they consider purchasing foreign products. We surveyed 313 consumers in Georgia regarding 9 sources of product information (experiential knowledge, word of mouth, in-store promotions, television, packaging information, radio, newspapers and magazines, salespeople, and billboards). The findings indicated that personal experience and word of mouth are the 2 most frequently used and highly valued sources of information while salespeople and radio are the 2 least frequently used and least influential sources of information. Education, age, and ethnocentrism exhibited significant impact on the experience source.
Keywords:Demographic differences  foreign product purchase  product information sources  Republic of Georgia  transition economies
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