Proceeding International Conference on Islamic Economics Community Services
Vol 1 (2023): Proceeding International Conference on Islamic Economics Community Services

Strategies for Understanding Price Perception to Drive Purchasing Decisions

Amzah, Ali (Universitas Islam Negeri Sumatera Utara)
Frizky, Mhd. Habbil (Unknown)
Hutabarat, Dea Ananda Pratama (Unknown)
Syahriza, Rahmi (Universitas Islam Negeri Sumatera Utara)



Article Info

Publish Date
15 May 2023

Abstract

Price perception is a crucial factor in consumer decision-making, especially in competitive markets such as coffee shops. This study investigates how price perception influences purchase decisions at Coffee Shop Dubo, utilizing Deep Interviews and Coaching methods. Findings indicate that the shop's previous pricing strategy was perceived as high due to misalignment with consumer expectations. Post-training, the shop implemented more suitable pricing strategies, which improved consumer perceptions of affordability and positively impacted sales. The research underscores the importance of aligning pricing with perceived value and service quality. Effective pricing strategies, combined with high-quality customer service, can enhance price perception and drive customer loyalty. In a competitive coffee shop market, balancing consumer expectations with appropriate pricing is essential for maintaining a strong market position and ensuring long-term business success.

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Journal Info

Abbrev

ICIECS

Publisher

Subject

Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Other

Description

Proceeding ICIECS: International Conference on Islamic Economics Community Services is a double-blind peer-reviewed International Conference Proceeding published by Faculty Of Economics And Business, Universitas Islam Negeri Sumatera Utara, Medan, Indonesia. ICIECS Proceeding emphasizes the output ...