Competing aspects in Hungarians’ household consumption

The importance of price sensitivity and environmental consciousness

Authors

DOI:

https://doi.org/10.14267/VEZTUD.2024.01.03

Keywords:

environmental consciousness, price sensitivity, sustainability, consumer segmentation

Abstract

The Hungarian population is traditionally price-sensitive, but they are increasingly concerned about the environment. Are these aspects presented simultaneously or independently in consumer decisions related to food and household goods? How can they use price sensitivity and environmental awareness to define consumer segments? After a literature review, the authors address this question in their research project using a quantitative research methodology on a sample of consumers participating in a Hungarian retail chain’s loyalty programme. With the help of principal component and cluster analysis they can conclude that the combination of these two characteristics seems to be necessary when segmenting consumers. The authors also found that the overall group of environmentally conscious consumers includes both a price-sensitive and a price-insensitive group. This indicates the necessity to move away from a niche market approach towards a broader understanding of green consumption.

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Author Biographies

Beatrix Lányi, University of Pécs

associate professor

Eszter Jakopánecz , University of Pécs

assistant professor

László Csóka, University of Pécs

assistant professor

Ágnes Neulinger, University of Pécs

researcher

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Published

2024-01-15

How to Cite

Lányi, B., Jakopánecz , E., Csóka, L., & Neulinger, Ágnes. (2024). Competing aspects in Hungarians’ household consumption: The importance of price sensitivity and environmental consciousness. Vezetéstudomány Budapest Management Review, 55(1), 27–38. https://doi.org/10.14267/VEZTUD.2024.01.03

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