Willingness to Pay More for BC-made Products
Pre-segmentation, results indicate that salted duck
egg buyers (n = 198) are willing to pay a mean of
11.2% ± 0.80 more for a BC-made product, and preserved
egg buyers (n = 184) are willing to pay a mean
of 12.1% ± 0.88 more.
Post-segmentation, the means range 9.2% to 16.1%
more and 8.9% to 15.4% more for BC-made salted duck
eggs (n = 156) and preserved duck eggs (n = 154), respectively
(Figure 4). Neutralists appear to be willing
to pay significantly more for BC-made preserved duck
eggs compared to Enthusiasts, who have a significantly
less important rating of price when buying compared to
preserved egg Enthusiasts. Although Health Skeptics
rated price significantly less important than all other
salted egg segments, and results indicate they are willing
to pay the highest percentage more for BC-made
salted eggs, this is not significantly more however than
the other salted egg segments.
These results suggest that if necessary or desired, a
premium could be successfully charged for BC-made
duck egg products as long as they at least match the
characteristics of the imports. This finding is similar to
that for locally grown ‘ethnic vegetables’ preferred by
Chinese Americans and Chinese Canadians (Adekunle
et al., 2013; Govindasamy et al., 2007; Govindasamy
and Puduri, 2009; Ariyawardana et al., 2010). Adekunle
et al. found that more than half of Chinese Canadian
respondents are willing to pay more for locally grown
‘ethnic vegetables’. However, the two biggest market
segments for both egg types, Enthusiasts and Pragmatists,
had the two highest ratings for the importance
of price when buying and did not register the
top of range willingness to pay more. Given that our
results are exploratory in nature, these apparently conflicting
attitudes will need to be clarified with further
research before development of a pricing strategy.
Further research could utilize a conjoint analysis
experiment (Green and Srinivasan, 1978) to test
preference for a BC product over a Chinese product,
and to test how much more Chinese Canadians are
willing to pay for BC produced duck eggs products
by simulating buying options requiring respondents to
make a series of buying decisions and thereby, theoretically,
more closely model actual preferences and buying
behavior.
Willingness to Pay More for BC-made ProductsPre-segmentation, results indicate that salted duckegg buyers (n = 198) are willing to pay a mean of11.2% ± 0.80 more for a BC-made product, and preservedegg buyers (n = 184) are willing to pay a meanof 12.1% ± 0.88 more.Post-segmentation, the means range 9.2% to 16.1%more and 8.9% to 15.4% more for BC-made salted duckeggs (n = 156) and preserved duck eggs (n = 154), respectively(Figure 4). Neutralists appear to be willingto pay significantly more for BC-made preserved duckeggs compared to Enthusiasts, who have a significantlyless important rating of price when buying compared topreserved egg Enthusiasts. Although Health Skepticsrated price significantly less important than all othersalted egg segments, and results indicate they are willingto pay the highest percentage more for BC-madesalted eggs, this is not significantly more however thanthe other salted egg segments.These results suggest that if necessary or desired, apremium could be successfully charged for BC-madeduck egg products as long as they at least match thecharacteristics of the imports. This finding is similar tothat for locally grown ‘ethnic vegetables’ preferred byChinese Americans and Chinese Canadians (Adekunleet al., 2013; Govindasamy et al., 2007; Govindasamyand Puduri, 2009; Ariyawardana et al., 2010). Adekunleet al. found that more than half of Chinese Canadianrespondents are willing to pay more for locally grown‘ethnic vegetables’. However, the two biggest marketsegments for both egg types, Enthusiasts and Pragmatists,had the two highest ratings for the importanceof price when buying and did not register thetop of range willingness to pay more. Given that ourresults are exploratory in nature, these apparently conflictingattitudes will need to be clarified with furtherresearch before development of a pricing strategy.Further research could utilize a conjoint analysisexperiment (Green and Srinivasan, 1978) to testpreference for a BC product over a Chinese product,and to test how much more Chinese Canadians arewilling to pay for BC produced duck eggs productsby simulating buying options requiring respondents tomake a series of buying decisions and thereby, theoretically,more closely model actual preferences and buyingbehavior.
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