The Influence of the Age Factor on The Quest for Value for Money in The Phenomenon of Electronic Product Leveling

With the continuous development of electronic product technology, a large number of reasonably priced, high-performance flat products have appeared on the market. This phenomenon reflects that consumers are highly concerned about the price-performance ratio. The age factor plays an important role in consumers' purchasing decisions, and there are significant differences in the behaviors and preferences of consumers of different age groups in the pursuit of cost-effective products. In this paper, we conduct an in-depth analysis of the demand, purchasing behavior and preference of consumers of different age groups in the phenomenon of electronic product replacement, and explore how the age factor affects consumers' pursuit of cost-effectiveness. It is found that there are significant differences between teenagers, middle-aged people and the elderly in terms of their concern for cost-effectiveness, purchase decision-making process and brand preference. In the phenomenon of electronic product parity, young people are more concerned with appearance and trends, middle-aged people emphasize comprehensive value and rational comparison, and older people tend to choose brands that are easy to use and trustworthy. These differences are closely related to consumers' economic status, consumer attitudes, technology acceptance, and risk tolerance. This paper aims to provide a reference for marketing strategies in the electronics market and to provide new perspectives for future research.

Authors

Publication Details

Journal
Frontiers in Business Economics and Management
Published
2024-12-24
DOI
https://doi.org/10.54097/tttasp14
Primary Topic
Innovation Diffusion and Forecasting
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

The Influence of the Age Factor on The Quest for Value for Money in The Phenomenon of Electronic Product Leveling

Yuanxi Liu
Frontiers in Business Economics and Management
Innovation Diffusion and Forecasting
article

The Influence of the Age Factor on The Quest for Value for Money in The Phenomenon of Electronic Product Leveling

Yuanxi Liu
article en

Abstract

With the continuous development of electronic product technology, a large number of reasonably priced, high-performance flat products have appeared on the market. This phenomenon reflects that consumers are highly concerned about the price-performance ratio. The age factor plays an important role in consumers' purchasing decisions, and there are significant differences in the behaviors and preferences of consumers of different age groups in the pursuit of cost-effective products. In this paper, we conduct an in-depth analysis of the demand, purchasing behavior and preference of consumers of different age groups in the phenomenon of electronic product replacement, and explore how the age factor affects consumers' pursuit of cost-effectiveness. It is found that there are significant differences between teenagers, middle-aged people and the elderly in terms of their concern for cost-effectiveness, purchase decision-making process and brand preference. In the phenomenon of electronic product parity, young people are more concerned with appearance and trends, middle-aged people emphasize comprehensive value and rational comparison, and older people tend to choose brands that are easy to use and trustworthy. These differences are closely related to consumers' economic status, consumer attitudes, technology acceptance, and risk tolerance. This paper aims to provide a reference for marketing strategies in the electronics market and to provide new perspectives for future research.

Frontiers in Business Economics and ManagementVol. 17(3)
Peace, Justice and strong institutions
Openalex Percentile: Top 70%
Innovation Diffusion and Forecasting
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.