Scientific Papers

JOURNAL OF INTERNATIONAL STUDIES


© CSR, 2008-2019
ISSN: 2306-3483 (Online), 2071-8330 (Print)

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Pricing strategies in the era of digitalisation and the perceived shift in consumer behaviour of youth in Poland

Vol. 12, No 3, 2019

 

Vijay Victor

 

Doctoral School of Management and Business Administration, 

Szent Istvan University, Hungary

Victor.Vijay@phd.uni-szie.hu

Saintgits Institute of Management, Kottukulam Hills, Pathamuttom India

Vijay.Victor@Saintgits.org


Pricing strategies in the era of digitalisation and the perceived shift in consumer behaviour of youth in Poland

Jose Joy Thoppan

 

Saintgits Institute of Management, Kottukulam Hills, Pathamuttom India

jose.joy@saintgits.org


Maria Fekete-Farkas

 

Faculty of Economic and Social Sciences, Szent Istvan University, Hungary

Farkasne.Fekete.Maria@gtk.szie.hu


Janusz Grabara

 

The Management Faculty, 

Czestochowa University of Technology, 

Poland

janusz@grabara.eu 

 

 

 

Abstract. The advent of industry 4.0 along with the spread of Information and Communication Technology has brought about many pivotal changes in the E-Commerce segment. Technology driven pricing strategies like dynamic pricing has become very common across different industries all over the world. Today, online pricing has evolved into a very efficient and sophisticated pricing strategy where product prices are personalised and tailored to the last conceivable individual buying unit possessing similar characteristics. This study examines various traits exhibited by online consumers in a dynamic pricing environment and figure out the reasons for the display of strategic purchase behaviour by the consumers in response to the dynamic pricing strategy adopted by the sellers. The study was conducted among the Polish millennials as Poland has the median online market size and growth rate among the Central and Eastern European Countries. A PLS based structural equation modelling used in the study reveals that many factors including fair price perception of consumers, social influence, awareness about the pricing strategy and shopping experience influence the motivations for consumers to display a strategic purchase behaviour.

 

 

Received: January, 2019

1st Revision: April, 2019

Accepted: September, 2019

 

DOI: 10.14254/2071-8330.2019/12-3/7

 

JEL ClassificationD820, D910, D810

Keywordsdynamic pricing, e-commerce, strategic purchase behaviour, revenue management, PLS SEM