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In the current world, price is becoming one of the major concerns for customers while
making purchase decisions. Consumers are more price-sensitive in case of green products and
services. As the consumers are being sensitized with the passage of time about the ecological
or environmental consciousness, enterprises have also started taken the initiatives to innovate
their products. These innovations are toward the provision of green products to the consumers
for the preservations of natural resources. The major problem in this area is that, very little
efforts have been made to address this issue. Firms perceived that green products to be an
opportunity that can be materialize to achieve the objectives. This factor appeared as the main
driving force for consumers to purchase green products. Subsequently, green marketing has
emerged to respond to the needs of green consumers who are concerned about the
environment. As a result, it is observed that the focus of consumer is shifting towards
purchasing of green products. Also, environmental consciousness among consumer is
increasing, making them more concerned about green and responsible purchasing of products.
Prices may also impact the consumer green attitude and degree of greenness among such
consumers. Philosophical paradigm about the green consumerism was started in 1986
practically in the shape of start up of “The Body Shop” but this was initiated after the launch of
book in America in 1970 named as “The Greening of America”. By analyzing the relationship
among varying degrees of greenness and responsiveness to price consciousness, this study has
not only filled the gap in literature but also helped the industry to craft effective marketing
strategies regarding pricing of green products. I have collected data from a sample of 400
consumers by using non-probability purposive sampling technique, while they were engaged in
the study using questionnaire surveys; questionnaires were analyzed by using SPSS software. I
have used CFA for data validation and analysis. For data reliability, Chronbach’s Alpha was
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utilized. Regression was run by using process macros of Prof. Andrew F. Hayes, model year
2013. Findings of this study havesignificant implications for both marketers and
academics. This study helps the practitioners to craft marketing strategies that affect the
consumer green attitude and green purchase intention. For academics, this study
demonstrates that price consciousness and degree of greenness should not be further
overlooked in the study of consumer green attitude. This study is cross-sectional study in
which data was collected at one point of time. This study concludes that marketers,
academicians, civil society and organization should work faster to materialize the
environmental friendly products. |
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