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Managing perceived risk for credit card purchase through sup(4)

时间:2010-10-05 08:56来源:Financial Services Marketing 作者:代写金融服务ess 点击:
social risk (risk that a poor product choice may result in social embarrassment), psychological risk (risk that a poor product choice will bruise the consumer s ego) and time risk (risk that the time

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social risk (risk that a poor product choice
may result in social embarrassment),
psychological risk (risk that a poor product
choice will bruise the consumer ’ s ego) and
time risk (risk that the time spent in product
search may be wasted if the product does not
perform as expected). Perceived risk is
considered a consumer characteristic as well
as a product characteristic as it may be due
to various factors either associated with
personal or product features. 12 – 14
Although there is always some element of
risk that accompanies all purchases, there are
conceptual frameworks 15,16 and empirical
evidence 17,18 that suggest that more risk is
associated with services than goods. It is
identifi ed that services are perceived to be
riskier than goods for all types of perceived
risk. 19 This is due to the experiential nature
of services and its characteristics, which result
in a decrease in pre-purchase information for
the evaluation of service products. Research 20
indicates that a decrease in the amount
and / or quality of information is usually
accompanied by a concomitant increase in
perceived risk. As a result, consumers seek
information from different sources when
faced with risk or uncertainty. 21,22 In highrisk
situations, consumers are likely to engage
in complex information search and
evaluation, and in low-risk situations, they are
likely to use very simple search and
evaluation tactics. The degree of perceived
risk infl uences pre-purchase search for the
decision process. 7,12 – 14
During a pre-purchase search 23 for making
a purchase decision, consumers fi rst tend to
recollect the relevant information from
memory and past experiences (internal
search). If the consumer has had no prior
experience or is unable to reach a solution
through internal search, then the consumer
may engage in an extensive search of the
outside environment for useful information
to make a choice. The information search
focused on external information relevant to
solving the problem is called external search.
This external search includes personal sources
such as friends, family, neighbours and
relatives; independent sources such as
magazines, consumer groups and government
agencies; and marketing sources such as sales
personnel and advertising. Internal
information is the primary source used by
most consumers most of the time. Even that
information in long-term memory, however,
was initially obtained from external sources.
Research evidence shows that as perceived
risk associated with the purchase increases,
the use of personal sources is the most
preferred source of external information 7,24
and the credibility of personal sources


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