Asked by
McKenna Griffin
on Nov 24, 2024Verified
Researchers find that promotions such as price discounts, rebates, coupons, and loyalty rewards are more effective for hedonic purchases than for utilitarian purchases.
Hedonic Purchases
Purchases made for pleasure and enjoyment rather than practical reasons.
Utilitarian Purchases
Buying goods or services based on their practical use and functionality rather than their aesthetic or emotional appeal.
- Identify the mechanisms behind promotional strategies and their effectiveness based on the type of purchase.
Verified Answer
NO
Learning Objectives
- Identify the mechanisms behind promotional strategies and their effectiveness based on the type of purchase.