Exploring the relationship between price and quality

exploring the relationship between price and quality

EXPLORING THE RELATIONSHIP BETWEEN THE market prices to new product introductions can be another measure of the new product's the secondary market responds to the perceived quality of the styling change; when the. Exploring the relationship between costs and quality in Danish hospital department. 1 Theoretical framework for analysing the cost quality relationship. Request PDF on ResearchGate | Exploring the relationship between price and quality for the case of hand-rolled cigars | We consider whether either overall.

In terms of correlation with: It emerges the highest response maximum which was 5 thereby that assurance has the strongest correlation with signifying that opinions ranged across the response responsiveness and the weakest with tangibles. Correlation amongst the service quality dimensions Spearman's rho r Assurance Responsiveness Tangibles Reliability Empathy Tangibles 1.

The correlation between responsiveness and assurance is the strongest whereas 4. The null hypothesis significant correlation amongst the service quality is therefore not accepted. It can be concluded that dimensions.

Correlation between the service quality dimensions and overall service quality, customer satisfaction and customer loyalty Spearman's rho r Assurance Responsiveness Tangibles Reliability Empathy Overall service quality. All four service quality satisfaction. All four service quality dimensions are dimensions are significantly correlated to customer significantly correlated to customer satisfaction.

This is consistent with the findings of null hypothesis is therefore not accepted. It also emerged that responsiveness had 5 Conclusion the strongest correlation with customer satisfaction. Based on the results, the null hypothesis is not The study examined the relationship between service accepted. It can therefore be concluded that there is a quality dimensions tangibles, reliability, empathy, significant correlation between the service quality assurance and responsivenessoverall service quality, dimensions and customer satisfaction.

International Journal of Business and significant correlation among the five service quality Research, 2 2: The findings also indicate a significant 5. Measuring customer correlation between the service quality dimensions satisfaction with service quality using American customer satisfaction model ASCI Model.

Exploring the relationship between price and quality for the case of hand-rolled cigars

The results highlight the need to Business and Social science, 1 3: An aspects of the business. The fact that a dimension has introduction. Services guarantee future satisfaction if efforts are not made to Marketing. South Western Cengage improve on service quality, by focusing on the Learning. As such, improvements and monitoring of 8. Relationship marketing the dimensions should be ongoing. In addition, the and customer relationship management. An empirical impact on customer satisfaction was significant and evaluation of alternative scales to measure service responsiveness had the strongest correlation with quality and assessment of service quality dimensions.

This study provides the Quest-Journal of Management and Research, 2 2: Financial appropriately to areas that need intervention, services for the poor. Global particularly the responsiveness dimension. Customer perception of and have their welfare at heart.

exploring the relationship between price and quality

A to achieve customer satisfaction, management of the study of Indian commercial banks. Services Marketing Post Office should inculcate a service quality culture Quarterly, The service quality objective Measuring service desk alone.

The management of the Post Office should quality: A re-examination and extension. Journal of Marketing, 56 3: Identifying service them to all members of staff in order to enhance quality dimensions as antecedents to customer reliability of the service.

These standards should serve satisfaction in retail banking. Economic and Business as a reminder to members of staff of the minimum Review, 12 3: Surveys in social research. Lastly, customer feedback should be Examining service collected on regular basis to evaluate customer quality and customer satisfaction in the retail banking satisfaction and the performance of service quality sector in Vietnam.

Journal of Relationship Marketing, Service quality as a determinant of customer satisfaction. Fact References Universitatis Series: Economics and Organisation, 9 3: Challenges in banking the rural poor: National Bureau of working paper, online. A study in the 2.

Australian Journal of approach. Asian Social Science, 9 Basic and Applied Sciences, 5 7: Mapping the retail payment 3. The Impact of i. Accessed 24 June, Studia Universitatis Babes Bolyai- quality of banking sector.

Periodica Polytechnica of Oeconomica, 58 3: Social and management science, 20 2: A service quality model and its European Journal of Delhi: A study of customer Prabhakaran, S. The influence of service satisfaction in special reference to services provided quality on customer satisfaction: Application of by banks and Post Offices in N.

Essentials of marketing research. New impact of service quality and customer satisfaction on York: Factors TQM Journal, 22 3: Research methods Journal of Finance and Economics, 1 A skill building approach. A practical Hoboken, N. Interrelations between service Service quality attributes, customer satisfaction and customer operations management: International Journal of Business and Management, Service quality 6 3: Indian Journal of Research, 3 4: Relationship with service quality, perceived value, Impact of satisfaction and revisit intention in hotel industry.

International Journal of Science, 3 Real people real choices. Journal of Retailing and Consumer Services, 17 1 Trade in financial services: The World Bank H. Customer satisfaction towards financial Mozambique. An empirical case study from Access to Bahawalpur, Pakistan.

There was a problem providing the content you requested

Facts, Journal of Marketing and Management, 2 1: Accesed Service quality delivery and its impact on customer 12 June, Customer satisfaction with ATM through customer loyalty. African Journal of Business Effects of quality towards satisfaction: A case study of Postal Corporation of Kenya.

The purpose for employing the exploratory factor analysis was to derive factors from 29 hotel attributes and to identify the main dimensions of perceived hotel service quality. This study adopted principal component analysis with varimax rotation. According to Hair et al. Further, the criteria for the number of factors extracted and variables retained were based on eigenvalues, percentage of variance, significance of factor loadings and number of variables in the extracted factor.

Factors with eigenvalues equal or grater than 1, a solution with at least 60 per cent of total variance explained, factor loadings above 0. Coefficients higher than 0. Correlation analysis and multiple regression analysis were used to explore how the dimensions of perceived service quality derived from factor analysis were related to the overall customer satisfaction.

Specifically, correlation analysis was performed to assess relationships between each dimension and overall customer satisfaction. For this purpose, Pearson correlation coefficients were calculated. In addition, multiple regression analysis was adopted to examine the relationship between the combination of perceived service quality dimensions and overall customer satisfaction.

This is a useful technique that can be used to analyze the relationship between a single dependent variable and several independent variables Hair et al. Therefore it was conducted to test the main research hypothesis. The multiple regression analysis was performed using confirmatory simultaneous approach. Demographic characteristics Demographic profile of the sample is presented in Table 1.

exploring the relationship between price and quality

Authors Among the respondents in the sample, The share of male respondents Most of the respondents 55 per cent had more than 46 years of age. More than 60 per cent of hotel guests in the sample had a university or college education. About 86 per cent of the respondents indicated that the main purpose of their visit was vacation. Respondents who stayed at a 4-Star hotel accounted for more than half of the sample Nearly half of them Perceived service quality dimensions Hotel attributes were factor analyzed using principal component analysis with varimax rotation.

The purpose was to identify the main perceived hotel service quality dimensions. First, the appropriateness for conducting factor analysis was evaluated. KMO value was high and scored 0. Hence, it was justified to conduct exploratory factor analysis.

The results are reported in Table 2. The 29 variables representing hotel attributes were reduced to five factors, explaining Factor loadings were relatively high, ranging from 0. This indicates that correlation of the items with the factors on which they were loaded was reasonably high. Factor 5 contained only two items and could not be considered as a factor. Thus, the final solution retained four factors that represent main dimensions of perceived service quality in the Croatian hotels.

The four remaining factors are labelled as follows. Next, reliability analysis was performed. Results Table 2 showed that Cronbach's alpha coefficients of the extracted factors ranged from 0. That is well above the minimum value of 0. Thus, these values suggest good internal consistency of the factors. Finally, Cronbach's alpha value for the overall perceptions scale was 0. The results indicate highly rated hotel performance. Antecedents of overall customer satisfaction Correlation analysis was used to examine the nature of the relationship among each perceived service quality dimension and overall customer satisfaction.

In order to identify the relative impact of perceived service quality dimensions on overall customer satisfaction, multiple regression analysis was employed. Performing these analyses, the main research hypothesis was tested. For this purpose, four dimensions extracted in exploratory factor analysis were applied as independent variables and overall customer satisfaction as dependent variable. Following sub-hypotheses were postulated: Reliability has positive and significant impact on overall customer satisfaction.

Empathy and competence of staff has positive and significant impact on overall customer satisfaction. Accessibility has positive and significant impact on overall customer satisfaction. Tangibles has positive and significant impact on overall customer satisfaction. Empathy and competence of 5.

Correlation matrix Table 3 indicates that perceived service quality dimensions were moderately to strongly correlated with overall customer satisfaction. All the relationships were positive and statistically significant. Before applying multiple regression analysis, multicollinearity of variables should be examined. Multicollinearity occurs when any single independent variable is highly correlated with a set of other independent variables Hair et al.

Correlation coefficients Table 3 were calculated to verify this assumption. As noted in Table 3, all independent variables perceived service quality dimensions were intercorrelated with each other. The relationships were positive and statistically significant.

However, correlation coefficients did not exceed cut-off value of 0. Using confirmatory approach, where all the independent variables are simultaneously added to the regression model, multiple regression analysis was performed. The results are presented in Table 4. The multiple regression analysis revealed the following. Since R2 value and adjusted R2 value are very similar adjusted R2 decreased for only 0. Authors To assess the relative importance of each independent variable in determining the value of the dependent variable, beta coefficients are provided.

According to Table 4, three out of four independent variables significantly influenced overall customer satisfaction.

Therefore, this was the most important independent variable and had the highest impact on overall customer satisfaction.

exploring the relationship between price and quality

In addition, this impact was not statistically significant. However, since all the variables were considered together, the deletion of one independent variable although not significant can affect the significance levels of other independent variables Leech et al.

Therefore, multiple regression model in this study gives adequate and significant results, meaning that accessibility, reliability, tangibles, and empathy and competence of staff can be used as significant predictors of overall customer satisfaction in the Opatija Riviera hotels.

Using several methods of statistical analysis, research questions were answered, objectives achieved and hypotheses tested. Previous studies conducted in the hotel sector identified different outcomes with regard to the number and interpretation of dimensions guests use to assess perceived hotel service quality Akan, ; Wong Ooi Mei et al.

This implies that the dimension structure depends on the measurement context. However, results revealed similarities to a certain extent. These dimensions are consistent with dimensions in the present study, as well. This means that hotel guests usually perceive service quality as reliable and error-free, with courteous, professional and neat hotel employees and visually appealing physical facilities.

Correlation analysis showed positive and significant relationships between each dimension of perceived service quality and overall customer satisfaction. This evidence supported the hypotheses H1a to H1d. These results suggested that increase in each service quality dimension is likely to lead to the increase in overall customer satisfaction. Multiple regression analysis indicated that perceived service quality is an important antecedent of overall customer satisfaction.

exploring the relationship between price and quality

In addition, about 61 per cent of variance in overall customer satisfaction can be explained by these dimensions. Thus, the explanatory power of the tested model in the hotel industry is satisfactory.

These results confirm the main study hypothesis H1. A one-unit increase in perceived quality with hotel service reliability would lead to Hence, visually appealing physical facilities and materials affect overall customer satisfaction.

The results showed that a one-unit increase in perceived quality with hotel service tangibles would result with However, the combination of four perceived service quality dimensions tested in this study demonstrated significant impact on overall customer satisfaction. The findings confirm that higher reliability, accessibility, tangibles and empathy and competence of staff increase overall customer satisfaction in the hotel industry.

Therefore, hotel managers should set priorities and continue to improve these important aspects of hotel service quality. The indicators of multiple regression analysis in this study can be compared with similar studies conducted in the hotel industry. Adjusted R2 in the present study, as well as in the studies conducted by Choi and Chu and Fah and Kandasamy indicated that the combination of perceived service quality dimensions explained rather high percentage of variation in overall customer satisfaction Moreover, all regression models were statistically significant.

Choi and Chu reported that all seven independent variables dimensions in the regression model had significant effect on overall customer satisfaction.

Exploring the Relationship Between Price and Competition Among Physician Practices

Regression model tested by Fah and Kandasamy had four of the five independent variables that significantly effected customer satisfaction. Out of four independent variables in the present study, three of them were found statistically significant.

The differences could occur due to different variable structure in regression models, different sample profiles e.