Price highlighting helps consumers stick to longer-term product preferences
Tuesday, January 28, 2014 - 12:00
in Mathematics & Economics
Just when that new gym membership is looking like a mistake, recent marketing research shows that reminding consumers of the price strengthens their purchase choices and leads to long-term satisfaction. The research says that even though most people value higher functionality over the long-term, they tend to prefer no-hassle convenience in the short-run.