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Quality, value, satisfaction, trust, a

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Like time, effort is also a valuable consumer resource which is characterized by<br />

consumers’ energy expenditures. Activities requiring great amounts of energy on the<br />

consumers’ part are considered inconvenient, while activities requiring minimal energy on the<br />

consumers’ part are considered convenient. As a completely different type of non-monetary<br />

cost, consumers’ effort expenditures not only influence perceptions of convenience (Seiders,<br />

Berry, and Gresham 2000), but also influence levels of <strong>satisfaction</strong> (Lovelock 1983).<br />

Human and cognitive effort has been the topic of many studies appearing in other<br />

disciplines including operations management, psychology, decision theory, and economics<br />

(Youngdahl and Kellog 1997; Bettman, Johnson, and Payne 1990). However, consumer effort<br />

expenditures have received significantly less attention within the marketing literature (Berry,<br />

Seiders, and Grewal 2002), perhaps because product or service attributes that aim to save effort<br />

are perceived as being the same as, and as a result are lumped together with, those that aim to<br />

save time (Brown 1990). Thus, in a retail context, consumers view both time and effort as costs<br />

that are associated with obtaining the desired product and/or service. In the decision-making<br />

process, consumers must decide if the costs of obtaining the desired product/service are worth<br />

the benefits they will receive from the purchase.<br />

Cost-Benefit Analysis<br />

The driving force that motivates consumers to seek convenience involves saving both time<br />

and effort expenditures. According to Prest and Turvey (1965, p. 683), “Cost-benefit analysis is<br />

a practical way of assessing the desirability of projects” and “implies the enumeration and<br />

evaluation of all the relevant costs and benefits.” When deciding between several alternatives<br />

(e.g., whether to shop in a traditional store or in a virtual store), consumers determine the costs<br />

and benefits associated with each and compare those costs to the benefits.<br />

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