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Consumer Segmentation Matrix and Variables for the Explanation of Binary Purchasing Criteria: Prices vs. Product Differentiation

In: Strategic Innovative Marketing and Tourism

Author

Listed:
  • Jose G. Vargas Hernandez

    (Universidad de Guadalajara CUCEA)

  • Elsa Patricia Orozco Quijano

    (Laurentian University)

  • Cesar Francisco Cárdenas-Dávila

    (Universidad de Occidente)

  • Julio Cesar Ceniceros-Angulo

    (Universidad Interamericana para el Desarrollo)

Abstract

This paper proposes a matrix with dimensions or blocks of consumer segmentation and simultaneously presents seven covariates synthesized and his importance thru the rating Rao, Chi-square, and Wald statistics, which shown how these and their bases of segmentation can be used in the construction of different marketing models using binary logistic regression models. For this, the authors considered as dependent variable the binary criterion based on consumer purchase price or its counterpart product attributes. Two demographic covariates were finally identified; a psychographic and three behavioral.

Suggested Citation

  • Jose G. Vargas Hernandez & Elsa Patricia Orozco Quijano & Cesar Francisco Cárdenas-Dávila & Julio Cesar Ceniceros-Angulo, 2019. "Consumer Segmentation Matrix and Variables for the Explanation of Binary Purchasing Criteria: Prices vs. Product Differentiation," Springer Proceedings in Business and Economics, in: Androniki Kavoura & Efstathios Kefallonitis & Apostolos Giovanis (ed.), Strategic Innovative Marketing and Tourism, pages 1223-1233, Springer.
  • Handle: RePEc:spr:prbchp:978-3-030-12453-3_140
    DOI: 10.1007/978-3-030-12453-3_140
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