'Bottom-dollar effect' influences consumer satisfaction with products, study finds
Wednesday, May 21, 2014 - 19:01
in Mathematics & Economics
Consumers experience significant differences in satisfaction based solely on budget status or financial condition at the time of purchase, research concludes. While the relationship between the pain of spending and satisfaction with the purchase has been tested in other ways, this research is the first to empirically link budgets, spending pain and satisfaction, as participants purchased, consumed and evaluated actual products.