Brief vs. Comprehensive Descriptions in Measuring Intentions to Purchase
AbstractIn forecasting demand for expensive consumer goods, direct questioning of potential consumers about their future purchasing plans has had considerable predictive success [1, 2, 4]. Any attempt to apply such 'intention to purchase' methods to forecast demand for proposed products or services must determine some way to convey product information to the potential consumer . Indeed, all the prospective consumer knows about the product or service is what he may infer from the information given to him by the researcher. This paper presents a study of the effect upon intention to purchase of this seemingly crucial element—the extent and type of description of the new service. How extensive must the description of the new service be in order to measure intention to purchase?
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Bibliographic InfoPaper provided by EconWPA in its series General Economics and Teaching with number 0502032.
Length: 9 pages
Date of creation: 11 Feb 2005
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forecasting; purchase intentions;
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- James Tobin, 1957. "On the Predictive Value of Consumer Intentions and Attitudes," Cowles Foundation Discussion Papers 41, Cowles Foundation for Research in Economics, Yale University.
- F. Thomas Juster, 1966. "Consumer Buying Intentions and Purchase Probability: An Experiment in Survey Design," NBER Books, National Bureau of Economic Research, Inc, number just66-2, October.
- J. S. Armstrong & R. Brodie, 2005. "Forecasting for Marketing," General Economics and Teaching 0502018, EconWPA.
- Haiyang Li & Jun Li, 2009. "Top management team conflict and entrepreneurial strategy making in China," Asia Pacific Journal of Management, Springer, vol. 26(2), pages 263-283, June.
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