Analyzing Consumer Response to Innovation: The Concept of Preference Inertia

Language: English

Published by Forgotten Books, 2022

1332249248 / 9781332249244

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Print on Demand. This book delves into the fascinating world of consumer behavior, exploring the complexities of how people respond to new products and services. The author focuses on a particular phenomenon, "preference inertia," which describes a consumer's tendency to stick with their existing preferences, even when presented with options that are objectively better. This concept is particularly relevant to the field of marketing, where understanding consumer behavior is crucial for successful product launches and campaign strategies. The author grounds their analysis in a real-world example: the development of Health Maintenance Organizations (HMOs) in the 1970s. Through the lens of this case study, the author explores how preference inertia can influence consumer choices and ultimately impact the success of new products and services. The book provides a rich analysis of the factors that contribute to preference inertia, including demographics, attitudes, and behavioral patterns. The author also introduces a new model for analyzing consumer response, which incorporates the concept of preference inertia. This model allows for a more nuanced and accurate understanding of how consumers make choices. This book offers valuable insights into the dynamics of consumer decision-making, providing a framework for understanding why people sometimes resist change, even when it is in their best interests. Its analysis of preference inertia is a valuable tool for marketers, researchers, and anyone interested in the complexities of consumer behavior. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. …

Seller Inventory # 9781332249244_0

Title
Analyzing Consumer Response to Innovation: The Concept of Preference Inertia
Author
Scott A. Neslin
Publisher
Forgotten Books
Publication year
2022
Condition
New
Book Type
print-on-demand item
Binding
Paperback
Language
English
ISBN 10
1332249248
ISBN 13
9781332249244
Seller catalogs
Marketing

Forgotten Books

London, United Kingdom

5-star seller

AbeBooks seller since June 2, 2021

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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.

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