Detailed Information on Publication Record
2014
Revisiting the Satisfaction-Profit Chain: The Case of Food Industry
POKORA, JindřichBasic information
Original name
Revisiting the Satisfaction-Profit Chain: The Case of Food Industry
Authors
POKORA, Jindřich (203 Czech Republic, guarantor, belonging to the institution)
Edition
Sofia, Bulgaria, SGEM Conference on Political Sciences, Law, Finance, Economics and Tourism - Conference Proceedings Volume III - Economics and Tourism, p. 503-510, 8 pp. 2014
Publisher
SGEM International Multidisciplinary Scientific Conferences on Social Sciences and Arts
Other information
Language
English
Type of outcome
Stať ve sborníku
Field of Study
50600 5.6 Political science
Country of publisher
Bulgaria
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
printed version "print"
RIV identification code
RIV/00216224:14560/14:00076433
Organization unit
Faculty of Economics and Administration
ISBN
978-619-7105-27-8
ISSN
Keywords in English
satisfaction-profit chain; customer satisfaction; customer retention; profitability; food industry
Tags
International impact, Reviewed
Změněno: 13/9/2014 12:58, Ing. Jindřich Pokora
Abstract
V originále
Increase in food quality leading to higher customer satisfaction is not a straightforward objective of the firm whenever an increase in quality is related to an increase in costs. The purpose of this paper is to determine whether providing high quality food products generally yields higher profit for the firm than pursuing the opposite, when university students are the consumers. This paper approaches the relationship between customer satisfaction and firm profitability from the perspective of the satisfaction-profit chain, which here consists of the following measures: quality and value perceived by customers, customer satisfaction, word of mouth, intent to repurchase, and firm profitability. The research focuses on one-year financial data of 80 food-manufacturing firms in the Czech Republic together with 60 to 160 customer responses to products of each firm. Findings based on correlation analysis, where the Pearson product-moment correlation coefficient and the distance correlation are calculated, show a positive relationship between perceived product quality, customer satisfaction, word of mouth, and intent to repurchase. The regression method of ordinary least squares shows intent to repurchase positively linked to firm profitability measured by return on assets considering liquidity and size of the firm as control variables. The method of ordinary least squares further implies that smaller firms tend to be more profitable, when the size is measured by the volume of assets.
Links
MUNI/A/0799/2013, interní kód MU |
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