Published Date
Journal of Forest Economics
April 2012, Vol.18(2):94–112, doi:10.1016/j.jfe.2011.11.001
JEL classification
M11
M3
L73
Mass customization
Furniture
Conjoint analysis
Consumer preference
For further details log on website :
http://www.sciencedirect.com/science/article/pii/S1104689911000730
Journal of Forest Economics
April 2012, Vol.18(2):94–112, doi:10.1016/j.jfe.2011.11.001
Received 24 March 2011. Accepted 6 November 2011. Available online 2 January 2012.
Abstract
In the context of market globalization, furniture manufacturers attempt to differentiate their products to attain competitive advantages. Mass customization is one strategy enabling such differentiation. This study measured, through a choice-based conjoint analysis, the value that US American consumers assign to the availability of customization when buying furniture. Roughly 50% of consumers’ product choice is driven by price, 20% by product customization, 20% by delivery time, and 10% by the time needed to customize the product. Thus, while there is a customer segment driven by price, there also is a segment, consisting mainly of females, that values product customization.
Keywords
- ⁎ Corresponding author.
Copyright © 2011 Department of Forest Economics, Swedish University of Agricultural Sciences, Umeå. Published by Elsevier GmbH All rights reserved.
For further details log on website :
http://www.sciencedirect.com/science/article/pii/S1104689911000730
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