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Consumer's Behaviour in East Slovakia after Euro Introduction during the Crisis

Author

Listed:
  • Eva Litavcová
  • Robert Bucki
  • Róbert Štefko
  • Petr Suchánek
  • Sylvia Jenčová

Abstract

The paper highlights the results of the survey of potential retail customers. The survey emphasizes the relationship between their responses to the chosen marketing pricing strategies and the perception of the introduction of the euro and the crisis. The multi-dimensional techniques were used to implement input data concerning perceptions of the euro introduction and the crisis in order to create a segmentation of respondents dividing them into: optimists, pessimists, crisispessimists, euro-pessimists, profiteers. It was subsequently proven that the responses of the members of these segments to the chosen pricing strategies EDLP (Every Day Low Pricing), Hi-Lo (High Low Pricing) and PMG (Price Matching Guarantees) differ significantly. Furthermore, the relation between the found segmentation and the subjective perception and assignment to the social group from the point of financial security is shown. Moreover, further segmentation of respondents according to their subjective anxiety about their future was carried out. Finally, the emphasis is put on the relation between the perception of the euro introduction in the country during the current influence of the world economic crisis on potential retail customers in the East Slovak Region and their subjective anxiety about their future.

Suggested Citation

  • Eva Litavcová & Robert Bucki & Róbert Štefko & Petr Suchánek & Sylvia Jenčová, 2015. "Consumer's Behaviour in East Slovakia after Euro Introduction during the Crisis," Prague Economic Papers, Prague University of Economics and Business, vol. 2015(3), pages 332-353.
  • Handle: RePEc:prg:jnlpep:v:2015:y:2015:i:3:id:522:p:332-353
    DOI: 10.18267/j.pep.522
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    References listed on IDEAS

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    1. repec:kap:iaecre:v:17:y:2011:i:3:p:300-314 is not listed on IDEAS
    2. Štěpán Jurajda & Juraj Stančík, 2013. "Organization and Firm Performance in the Czech Republic," Prague Economic Papers, Prague University of Economics and Business, vol. 2013(1), pages 85-110.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Andrejovská, A. & Buleca, J. & Hudákova, M., 2016. "Categorization of the EU Countries in the Context of Agricultural Production," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(4), pages 1-12, December.
    2. Camelia Mihaela Oane (Marinescu) & Klaudia Smol¹g & Emanuel Stefan Marinescu & Romuald Szopa, 2015. "Value-Based Management As The Innovating Paradigm Of Contemporary Governance – A Theoretical Approach," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 12(1), pages 106-120, DEcember.
    3. Róbert Štefko & Vladimira Steffek, 2018. "Key Issues in Slow Fashion: Current Challenges and Future Perspectives," Sustainability, MDPI, vol. 10(7), pages 1-11, July.
    4. Alena Andrejovská & Monika Hudáková, 2016. "Classification of EU Countries in the Context of Corporate Income Tax," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 64(5), pages 1699-1708.
    5. Miroslav Frankovsky & Zuzana Birknerova & Lucia Zbihlejova, 2015. "Possibilities Of Identification Of Predictors Of Occurrence Of Cognitive Distortions In Managerial Work," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 12(2), pages 69-78, DEcember.

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    More about this item

    Keywords

    cluster analysis; factor analysis; two-step cluster; marketing pricing strategies; crisis; euro introduction; EDLP; Hi-Lo; PMG;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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