Title: A Case Study of the Factors that Affect Consumer Behavior in IKEA
Authors:
- Liem Gai Sin
- AA Gde Satia Utama
- Shweta Pandey
- Rudresh Pandey
- Yalla Satya Sai Venkata Sri Harsha
- Ajay Massand
- Sister Dessy Indriana Safitri
- Ng Pui Yan
- Daisy Mui Hung Kee
- Wong Sin Yue
- Phuan Mun Zhin
- Yip Jia Hui
Department: Accounting
Journal Name: Asia Pacific Journal of Management and Education (APJME)
Kinds of Journal: –
Keywords: Consumer Behavior, Cost-advantages, Furniture Retailer, Multinational
Abstract:
Consumer behavior is the study of consumers and the processes they use to choose, apply and dispose of products and services, including consumers' emotional and behavioral responses. IKEA is a multinational home furnishings company founded in 1943 in Sweden that has grown rapidly. They manage to produce their products and services more widely not only based on price but create a unique shopping experience. This study aims to examine the factors that influence consumer behavior in IKEA. Various factors such as social factors, wide product assortment, price and others are investigated to analyze consumer behavior of IKEA's customers. Likert Scale was used to get the final results from the questionnaire filled out by the respondents. The questionnaires were distributed to 250 respondents who use IKEA products. The Likert scale will be used to measure a person's perception and attitude or opinion. The results showed that they chose IKEA due to the cost-advantages and wide product assortment as there has uniqueness over IKEA and cannot be compared with other retailers.