Factors affecting to minimalistic consumption behavior of the consumers in Ho ChiMinh City

Du Thi Chung1
1 University of Finance - Marketing

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Abstract

The main purpose of this research is to examine factors affecting to minimalistic consumption behavior, one of the trends in consumer behavior that has been gradually increasing and becoming popular. The theoritical model was evaluated through a data set basing on a survey of 252 consumers in Ho Chi Minh city. The techniques of data analysis include reliability testing of the scale by Cronbach's Alpha coefficient, exploratory factor analysis (EFA) and multiple linear regression to test the hypotheses. The results show that four factors have positively impact the minimalistic consumption behavior from the biggest effect to the smallest one, including: self-determination, subjective norms, mindfully curated consumption and sparse aesthetic. From the results, this research proposed some implications for enterprises to plan appropriate marketing strategies.

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References

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