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This article analyzes the way some 6,000 European wine consumers, both connoisseurs and non-connoisseurs, use a set of available signals (price, umbrella branding, goodwill, past consumption) to assess the quality of Bordeaux wines where price is the main source of information on quality....
Persistent link: https://www.econbiz.de/10005327833
indicates that price not only serves to clear markets, it also serves as a marketing tool; it influences expectations that in …
Persistent link: https://www.econbiz.de/10005014775
alternative conjecture is consistent with evidence from marketing studies. However, neither theory nor evidence is informative …. In our lab experiment we find that, consistent with marketing evidence, prices positively affect stated willingness to …
Persistent link: https://www.econbiz.de/10008506873
Poor perceived product quality, an inadequate sales force, and intense competition from wines produced elsewhere are common reasons cited for why New York wines have not achieved broad acceptance in the New York City (NYC) market. NYC restaurant owners, sommeliers, and chefs were surveyed...
Persistent link: https://www.econbiz.de/10005039228