Purpose- The main objective of this study is to understand the impact of Consumer Need for Uniqueness (CNfU) on purchasing behavior.
This impact is examined from a Willingness to Pay (WTP) perspective and it is aimed to understand whether and how CNfU is related with
creating a consumer surplus for the brands.
Methodology- The paper uses survey-based data and a combination of statistical techniques, such as Exploratory Factor Analysis (EFA),
Confirmatory Factor Analysis (CFA), and Structural Equation Modeling (SEM). 376 participants responded to the survey shared online. Their
behavior was measured by their past purchase behavior, which is, choosing a Vespa scooter or choosing a Honda scooter showing their
willingness to pay more for a scooter.
Findings- It is revealed that creative choice counter conformity has positive influence on willingness to pay more for a prestigious motorcycle
brand (buying a Vespa scooter instead of a Honda scooter, in this case). On the other hand, unpopular choice counter conformity and
avoidance of similarity has no effect on choosing between a prestigious and a conventional budget motorcycle.
Conclusion- Possible conclusions might be that; 1) Creative choice has a positive connotation to it compared to unpopular choice and
avoidance of similarity 2) avoidance of similarity and unpopular choice counter conformity tendencies may not have been activated by this
specific type of product 3) unconventional choice is not exclusively dependent on CNfU but some other factors such as sensation-seeking
and risk-taking. Lastly, the findings can definitely not be generalized to other products and services.
Primary Language | English |
---|---|
Subjects | Business Administration |
Journal Section | Articles |
Authors | |
Publication Date | September 30, 2022 |
Published in Issue | Year 2022 |
Research Journal of Business and Management (RJBM) is a scientific, academic, double blind peer-reviewed, quarterly and open-access online journal. The journal publishes four issues a year. The issuing months are March, June, September and December. The publication languages of the Journal are English and Turkish. RJBM aims to provide a research source for all practitioners, policy makers, professionals and researchers working in all related areas of business, management and organizations. The editor in chief of RJBM invites all manuscripts that cover theoretical and/or applied researches on topics related to the interest areas of the Journal. RJBM publishes academic research studies only. RJBM charges no submission or publication fee.
Ethics Policy - RJBM applies the standards of Committee on Publication Ethics (COPE). RJBM is committed to the academic community ensuring ethics and quality of manuscripts in publications. Plagiarism is strictly forbidden and the manuscripts found to be plagiarized will not be accepted or if published will be removed from the publication. Authors must certify that their manuscripts are their original work. Plagiarism, duplicate, data fabrication and redundant publications are forbidden. The manuscripts are subject to plagiarism check by iThenticate or similar. All manuscript submissions must provide a similarity report (up to 15% excluding quotes, bibliography, abstract, method).
Open Access - All research articles published in PressAcademia Journals are fully open access; immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Open access is a property of individual works, not necessarily journals or publishers. Community standards, rather than copyright law, will continue to provide the mechanism for enforcement of proper attribution and responsible use of the published work, as they do now.