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Business Commons

Open Access. Powered by Scholars. Published by Universities.®

Marketing

2014

University of South Florida

Pain of Prepayment

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Full-Text Articles in Business

Essays On Consumer's Psychological And Behavioral Responses Toward Social Coupons, Chinintorn Nakhata Apr 2014

Essays On Consumer's Psychological And Behavioral Responses Toward Social Coupons, Chinintorn Nakhata

USF Tampa Graduate Theses and Dissertations

Traditional economic theory suggests that consumers are likely to prepay for a product/ service that appears to be heavily discounted. However, in reality, many consumers do not think and act to achieve that goal. This is evident in consumer's psychological and behavioral responses toward a new type of price promotion, namely social coupons (SCs) (i.e., online coupons that offer consumers a substantial discount with a long redemption period when they prepay for a retailer's products/services). Such responses generate vital impacts not only on consumers themselves in terms of saving maximization but also on service retailers (e.g., sit-down dining restaurants) and …