An Empirical Study on Factors Affecting Purchase Decision of Smartphone
Asian Resonance(P: ISSN No. 0976-8602 RNI No.UPENG/2012/42622
VOL.-IV, ISSUE-IV, October-2015 E: ISSN No. 2349-9443)
Abstract
Assistant Professor, Deptt. of Business Administration, Meerabai Institute of Technology, Maharani Bagh, Delhi
The purpose of the study is to investigate the factors affecting purchase decision of customers towards smartphone. A seventeen item questionnaire was used to elicit responses from 360 potential customers in Delhi, Noida and Gurgaon. Factor analysis (data reduction technique) was applied on the collected data. The finding of the study resulted in the emergence of five factors viz. Product Features and Cost, Brand, Social Influence, Convenience and Dependency which affects the Smartphone purchase decision of customers in these three regions.
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