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- W2005080345 abstract "In many established product categories, a large component of sales is due to the replacement of existing units. Because of the long expected lifetime of durables, replacement decisions can often be postponed by the consumer. In light of this, one marketing strategy for manufacturers of such products may be to accelerate the timing of product replacement decisions for buyers planning to replace. In this article, Barry Bayus presents the results of his investigation of the effect of marketing efforts on shortening the replacement cycle. Such information can be used by new product managers to forecast more accurately long-term sales and to help decide when to introduce new products (e.g., with enhanced features). Using data on color television purchases, he shows that the marketing variables of price, advertising, new features and styling are related to the timing of discretionary replacements. Further, these data suggest that price has the most impact in accelerating replacement purchases." @default.
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- W2005080345 date "1988-09-01" @default.
- W2005080345 modified "2023-10-16" @default.
- W2005080345 title "Accelerating the durable replacement cycle with marketing mix variables" @default.
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- W2005080345 doi "https://doi.org/10.1016/0737-6782(88)90024-0" @default.
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