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Name Roll No: Ruchi Yadav
Name Roll No: Ruchi Yadav
Sunny Bhavsar 82
Rucha Chaudhari 93
Ruchi Yadav
94
Group no. 6
Paper
Author/s
Journal
Year
Key Words
Research Methodology
Findings
F-1
Findings
F-2
F-3
Finding in Indian
context
1
Further scope of
Research
2
Group No 6
Product Touch and Consumers' online and offline buying : The role of mental representation
Primary research data collection through Experiment and use of Anova, Type of data collected-
Primary
Ex 1:137, students, ex 2: 191 customers, ex 3: 195 Visitors
> People with lower construal level (concrete mental representation) emphasize and utilize low
level and subordinate features like color, smell of the product. Whereas those with higher
construal levels (abstract mental representation put more emphasis on higher level and super-
ordinate features like price & overall impression > If consumer likes
the product, he/she will have high intention to buy it ,therefore it can decrease concrete thinkers
perceived risk of the product and will consequently lead to higher PI and WTP
> People can feel the ownership of object even
before they're legal owners of it, concrete thinkers feel stronger ownership after touching hence
enhancing their product valuation & WTP, vs abstract thinkers are hypnotized to know ones
experience an object via obtaining abstract descriptions
EX 1: In the experiment a mug was placed and were asked to watch and touch the mug for 1 min,
the PI for the mug was higher when touched when compared to no touch, also the willingness to
pay was more EX 2: It was found that the
PI neither the pre-purchase touch nor mental representation were statistically significant
however if compared to touch vs non touch the PI for touch was higher and for WTP the was
significant effect of pre-purchase touch & and mental representation and concrete thinkers WTP
was more when they could touch vs when they couldn't.
Ex 3: Similarly, even in experiment 3 the PI and WTP was more I touch condition versus no touch
also it showed that the mediation
effect of perceived risk and ownership still exist when consumer’s mental representation is manipulated.
Nykaa
Changing colors used on website, research shows blue can increase consumers approach
motivation, accordingly decrease their perceived risk and increase their PI and WTP
In addition to perceived ownership, feelings of reactance too could be studied on why concrete
thinkers decrease their PI & WTP for product where there is no touch
Group No 6
Paper
Author/s
Journal
Year
Key Words
Findings
Compete in Price or Service ? - A Study of Personalised Pricing And Money Back Guarantees
B.Chen And J. Chen
Journal Of Retailing
42748
Customer Returns , Pricing, Duopoly,Game Theory
To Find Weather Pricing Or Service Affects The Reatil Business , If It Affects then Duopoly
can Exist ?
1.When Low Quality(L) retailer or Both Retailers switches from a no refund to MBG it tends
to lower its quality levels
2.When Retailer L switches from uniform Pricing to PPS ,both retailers tend to reduce their
quality levels .when retailers H switches from uniform pricing to PPS , both retailers tend to
raise their quality .when both adopt MBG both retailers tend to lower quality levels
3.When Both retailers switch from uniform pricing to PPS then both lose their Money if
neither offers MBG .If both retailers MBG and Either L or H are sufficiently large ,then
retailer H to be better off & retailer L tends to be worse off