Article
A study of the factors that influence consumer attitudes towards beef products using the conjoint market analysis tool
Leopold Center Completed Grant Reports
Project ID
M2005-27
Abstract
Beef producers looking for a competitive edge in today's markets need information about the qualities that consumers consider most important. Using conjoint marketing analysis allowed the investigators to sort out the most relevant characteristics for meat purchasers.
Key Question
What is the relative importance of the factors that will produce the greatest value for consumers of beef products and the optimal profitability for producers of these products?
Findings
The results of this study demonstrate that region of origin is the most important factor influencing consumer attitudes regarding beef products. Consumer preference for beef that is locally produced will be more highly valued than products produced in other regions of the country and in other countries. This indicates that a premium can be obtained by local Iowa producers marketing their products as a local-Iowa brand.
Principal Investigator(s)
Brian Mennecke
Co-Investigator(s)
Anthony Townsend, Dermot Hayes, Steven Lonergan
Year of Grant Completion
2009
Disciplines
Citation Information
Brian E. Mennecke, Anthony M. Townsend, Dermot J. Hayes and Steven M. Lonergan. "A study of the factors that influence consumer attitudes towards beef products using the conjoint market analysis tool" (2009) Available at: http://works.bepress.com/dermot_hayes/108/