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KMID : 0604520070330020117
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Journal of the Society of Cosmetic Scientists of Korea
2007 Volume.33 No. 2 p.117 ~ p.126
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The Effect of Price and Brand Names on the Evaluation of Cosmetics
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Lim Hyo-Jung
Kim Ju Duck
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Abstract
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This study investigated the effect of the price and brand name on the consumer’s evaluation of cosmetics. 363 women from 20’s to 50’s living in Seoul and the metropolitan area were asked to use and describe the given samples of cosmetic products for one week with different information of price and brand name. The results of this study are as follows: First, the assessment of the facial toner, moisturizer and cream does not show a significant statistical difference between the group of ’renowned’ and ’renownless’. Second, the assessment of the facial toner, moisturizer, and cream shows a significant statistical difference between the user groups which received the prior information whether the cosmetics are ’high price’ or ’low price’. Third, the assessment of the users’ satisfaction of the 3 kinds of cosmetic products mentioned above is influenced by ’renown’ an ’price’. Finally, the interaction of the factor ’renown’ and ’price’ influences on the cosmetics’ effectiveness significantly. From this study, it was discovered that the evaluation and the degree of satisfaction on cosmetics were influenced by the price and brand names. This will improve the understanding of consumers’ behavior and personal decision-making, which in be the key of marketing strategy.
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KEYWORD
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price, brand names, evaluation of cosmetics, cosmetics’ effectiveness
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