英文摘要 |
Due to the increasing costs of raw materials, many firms have no choice but to increase the prices of products or reduce promotions. However, most previous studies on price have focused on how price decreases affect consumer purchase intention while most studies related to promotion formats and frames are limited to the context of a single promotion activity. Price increases and promotion reductions in sequential promotion activities receive less scholarly attention. Based on mental accounting theory and similarity-judgment principle when assigning expenses to proper accounts, this paper explores how comparability (i.e., the consistency between the previous- and later-period promotion formats or price formats) influences consumers’ perceptions of price increases and repurchase intentions. The authors posit that incomparable promotion reductions and price increases, rather than comparable ones, might mitigate consumers’ negative responses. Three experiments examine this proposition. Experimental results reveal that the effects of comparability emerge in both promotion reductions and price increases. The effects of comparability in promotion reductions persist across different promotional formats (momentary price discounts vs. non-momentary free gifts) and different frames with the same format (general discounts vs. focused discounts). More important, the effects of comparability emerge not only through experimental manipulation but also in consumers’ individual purchase decisions. These results are meaningful for research on mental accounting and comparability, as well as for real-world practices featuring promotions and price decisions. |