Value Oriented Shopping Behavior Amongstst Urban Middle Class Vietnamese Consumers

Asia’s economic crisis has caused many middle class consumers to watch their budgets more closely. However, this is not the same thing as consumers becoming highly price conscious, with price as the top criteria in making brand choice. Asia’s modem middle class is strongly value oriented, balanci...

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Main Authors: Mark , William Speece, Nair, Godwin
Format: Article
Language:English
Published: Asian Academy of Management (AAM) 2000
Subjects:
Online Access:http://eprints.usm.my/35450/
http://eprints.usm.my/35450/1/5-1-4.pdf
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author Mark , William Speece
Nair, Godwin
author_facet Mark , William Speece
Nair, Godwin
author_sort Mark , William Speece
building USM Institutional Repository
collection Online Access
description Asia’s economic crisis has caused many middle class consumers to watch their budgets more closely. However, this is not the same thing as consumers becoming highly price conscious, with price as the top criteria in making brand choice. Asia’s modem middle class is strongly value oriented, balancing quality of product characteristics against price. The economic crisis has not changed this. Although Vietnam has not yet been hit as hard as many other Asian countries, it starts with much lower incomes than most other countries, and the economy has slowed down substantially. Yet even in Vietnam, recent surveys show that the strong value orientation continues. Price is not the most important attribute that most consumers consider, but neither do consumers disregard it completely. Most consumers think various product attributes are the most important things to consider, while price is usually near the middle of the attributes, list, not at the bottom. These patterns, though measured on several different types of scales in these surveys, are all consistent with strong value orientation.
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spelling usm-354502017-07-10T03:20:15Z http://eprints.usm.my/35450/ Value Oriented Shopping Behavior Amongstst Urban Middle Class Vietnamese Consumers Mark , William Speece Nair, Godwin HD28-70 Management. Industrial Management Asia’s economic crisis has caused many middle class consumers to watch their budgets more closely. However, this is not the same thing as consumers becoming highly price conscious, with price as the top criteria in making brand choice. Asia’s modem middle class is strongly value oriented, balancing quality of product characteristics against price. The economic crisis has not changed this. Although Vietnam has not yet been hit as hard as many other Asian countries, it starts with much lower incomes than most other countries, and the economy has slowed down substantially. Yet even in Vietnam, recent surveys show that the strong value orientation continues. Price is not the most important attribute that most consumers consider, but neither do consumers disregard it completely. Most consumers think various product attributes are the most important things to consider, while price is usually near the middle of the attributes, list, not at the bottom. These patterns, though measured on several different types of scales in these surveys, are all consistent with strong value orientation. Asian Academy of Management (AAM) 2000 Article PeerReviewed application/pdf en http://eprints.usm.my/35450/1/5-1-4.pdf Mark , William Speece and Nair, Godwin (2000) Value Oriented Shopping Behavior Amongstst Urban Middle Class Vietnamese Consumers. Asian Academy of Management Journal (AAMJ), 5 (1). pp. 1-10. ISSN 1394-2603 http://web.usm.my/aamj/5.1.2000/5-1-4.pdf
spellingShingle HD28-70 Management. Industrial Management
Mark , William Speece
Nair, Godwin
Value Oriented Shopping Behavior Amongstst Urban Middle Class Vietnamese Consumers
title Value Oriented Shopping Behavior Amongstst Urban Middle Class Vietnamese Consumers
title_full Value Oriented Shopping Behavior Amongstst Urban Middle Class Vietnamese Consumers
title_fullStr Value Oriented Shopping Behavior Amongstst Urban Middle Class Vietnamese Consumers
title_full_unstemmed Value Oriented Shopping Behavior Amongstst Urban Middle Class Vietnamese Consumers
title_short Value Oriented Shopping Behavior Amongstst Urban Middle Class Vietnamese Consumers
title_sort value oriented shopping behavior amongstst urban middle class vietnamese consumers
topic HD28-70 Management. Industrial Management
url http://eprints.usm.my/35450/
http://eprints.usm.my/35450/
http://eprints.usm.my/35450/1/5-1-4.pdf