Price promotions are commonly used by retailers to motivate consumers to make a purchase. Both the amount off and percentage off are in widespread use, and research on when to use each method has been...

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Extracted text: Price promotions are commonly used by retailers to motivate consumers to make a purchase. Both the amount off and percentage off are in widespread use, and research on when to use each method has been mixed. The current study evaluated intent to purchase a lower-priced item and a higher-priced item using either a fixed amount or a percentage off. For the lower-priced item, participants saw a promotion for balloons regularly selling for 48 pesos, but on sale with either a 12-peso or a 25% discount. The higher-priced item was a 480-peso sweater on sale with either a 120-peso discount or a 25% discount. One hundred and fifty-one students were randomly assigned to the treatments and responded to two questions measuring value perceptions: "I would be saving a lot of money if I made my purchase at this store," and "This store is selling the advertised product at a considerable discount." Participants answered each question on the scale of 1 ("strongly disagree") to 5 ("strongly agree"). Identify the subjects, the factors, the treatments, and the response variables for this experiment. Sort the information into their respective categories by dragging each token to the correct column.


Extracted text: Subject(s) Factor(s) Treatment(s) Response variable(s) Answer Bank The ratings on each of the two questions The combinations of low and high prices and the amount off or percentage off discount Type of discount Students Price of item