Influences of confidence in production standards and perceived value on decisions made by consumers in the Bangkok metropolitan region to purchase Yanhee vitamin water and VITADAY vitamin water beverages
Abstract:
The objectives of this study were: 1) to explore the confidence in production standards held by consumers in the Bangkok Metropolitan Region towards two vitamin water beverages, namely Yanhee Vitamin Water and VITADAY, 2) to examine the perceived value of Yanhee Vitamin Water and VITADAY among consumers in the Bangkok Metropolitan Region, and 3) to investigate the decisions to purchase Yanhee Vitamin Water and VITADAY made by consumers in the Bangkok Metropolitan Region.
The sample group used in this study comprised 535 consumers in the Bangkok Metropolitan Region who had consumed Yanhee Vitamin Water and VITADAY. The statistics used to analyze data comprised descriptive statistics: frequency, percentage, mean, standard deviation, and inferential statistics: Pearsons correlation coefficient to test for multicollinearity and Mimic model analysis with structural equation modeling.
The study results showed that: 1) two aspects of confidence in production standards, namely product quality assurance and production standards affected consumers decision to buy Yanhee Vitamin Water and VITADAY, 2) the components of perceived value comprising functional value, emotional value, epistemic value and conditional value all affected the decision to buy Yanhee Vitamin Water and VITADAY whereas the social value component had no effect on the decision to buy Yanhee Vitamin Water and VITADAY, and 3) the consumers decision to purchase differs between Yanhee Vitamin Water and VITADAY as evidenced by VITADAY consumers making more purchasing decisions than consumers of Yanhee Vitamin Water and VITADAY purchasing decisions being based on consumer demand at a statistically significant level of .01.