Consumer preference for product bundles: The role of reduced search costs

Most prior research on bundling from a consumer perspective has focused on how bundles are processed, particularly from a prospect theory or mental accounting perspective. In contrast, relatively little research has examined the factors that might drive consumer preference for bundles versus individual items. This article addresses one such factor: the potential to reduce search and assembly costs. Through exploratory interviews and two laboratory experiments, the authors show that preference for a bundle is greater when bundle choice will reduce search effort than when it will not, particularly among consumers who are less motivated to process information. Judy Harris (JLHarris@Towson.edu) is an assistant professor in the Department of Marketing and e-Business, College of Business and Economics, Towson University. She received her doctorate from the University of Houston. Her work has been published in theJournal of the Academy of Marketing Science, theJournal of Retailing, the Journal of Advertising Research, theJournal of Consumer Research, the Journal of Applied Social Psychology, Psychology & Marketing, and other publications. Edward A. Blair (blair@uh.edu) is a professor and chair of the Department of Marketing and Entrepreneurship, Bauer College of Business, University of Houston. He is the author of several books, along with numerous articles in such journals as theJournal of Marketing, the Journal of Marketing Research, theJournal of Consumer Research, Public Opinion Quarterly, and others. He has served on the editorial boards of theJournal of Marketing Research, theJournal of the Academy of Marketing Science, and theJournal of Business Research.     

Brand-extension price premiums: The effects of perceived fit and extension product category risk

One of the assumed benefits of extending a strong brand into a new product category is the ability to capture a price premium relative to comparable products associated with lower equity brands. The authors argue that brand-extension price premiums accrue in part due to the ability of a known brand to reduce the perceived risk customers experience in making purchase decisions. Accordingly, price premiums can be expected to vary depending on the risk associated with a purchase decision. The authors manipulated perceived fit between a brand and extension products and three dimensions of extension product category risk. They found that brand-extension price premiums are positively related to the perceived fit between the brand and the extension category. However, this relationship varies considerably depending on the levels of financial and social risk associated with the extension product category. Implications of these findings for theory, practice, and future research are discussed. Devon DelVecchio (devond@uky.edu) is an assistant professor of marketing in the Gatton College of Business and Economics at the University of Kentucky. His research focuses on pricing, promotions, and brand management. His work has appeared in journals such as theJournal of Product and Brand Management and theJournal of Consumer Affairs. Daniel C. Smith (dansmith@indiana.edu) is the Clare W. Barker Chair in Marketing and Interim Dean at the Kelley School of Business at Indiana University. His current research focuses on brand and product management, and marketing strategy. His work has appeared in journals such as theJournal of Marketing Research, theJournal of Marketing, theJournal of Consumer Research, theJournal of the Academy of Marketing Science, Harvard Business Review, theJournal of Advertising Research, andStrategic Management Journal, among others. He serves on the Editorial Board of theJournal of Marketing and theJournal of the Academy of Marketing Science and received Outstanding Reviewer awards at both. He also serves on the Editorial Board of theJournal of Personal Selling and Sales Management.     

组织学习能力、新产品开发速度与组织绩效:需求不确定性的调节作用

企业面临着激烈竞争和日益动荡的经营环境,创新效率逐渐成为其保持竞争优势的重要因素。通过调查研究方法,以福建101家制造企业为研究对象,在检验组织学习能力、新产品开发速度与组织绩效之间关系的基础上,分析市场需求不确定性对上述关系的调节作用。研究结果表明：新产品开发速度对组织绩效具有正向影响,并在组织学习与组织绩效的关系中起到中介作用;此外,市场需求不确定性正向调节新产品开发速度与组织绩效之间的关系,即市场需求不确定性越高,新产品开发速度对组织绩效的正向影响就越强烈。