Professional Documents
Culture Documents
An Undergraduate Thesis
Lucena City
by
Karen Paladan
Gello Ongwico
September 2021
Gello Ongwico
1. Abstract
2. Background
The world is new and ever-changing, and in today’s digital world, the fast, simple
becoming a prominent medium in the world of the Internet, with more people using it
to buy items and services. The Internet's evolution has begun to give consumers
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with a variety of information and alternatives for evaluating items, features, and
prices. It also provides numerous options for acquiring the necessary items from
online is quickly becoming the new normal. Brands must change and be adaptable
effective for both customers and sellers. Because of the pandemic, this platform has
become critical. However, Online shopping affects the consumer behavior of one
the actions and the decision processes of people who purchase and personal
consumption. The recent growth of online shopping has been explained by various
studies. As stated by Louden and Bitta, consumer behavior is the decision process
and physical activity, which individuals engage in when evaluating, acquiring, using
or disposing of goods and services. There are limited studies from previous
(Baubonienė & Gulevičiūtė, 2015; Fang et al., 2016; Ganesan-Lim et al., 2008; Yan
& Dai, 2009), but also perceived benefit factors (Häubl & Trifts, 2000;
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Katawetawaraks & Wang, 2011; Lee et al., 2011; Masoud, 2013; Yan & Dai, 2009;
There are many research papers analyzed the online shopping behavior of
consumers. However, most of the previous studies were carried out before the
spread of Covid-19, it is still a question of how this pandemic may impact consumer
conduct this research to explore the situation of consumer behavior towards into
financial planning.
According to Jack Kapoor, Les Dlabay and Robert Hughes, (2012), personal
economic satisfaction. This planning process allows you to control your financial
situation. Every person, family, or household has a unique financial position, and any
financial activity therefore must also be carefully planned to meet specific needs and
goals.
person. A person must know how to utilize his/her expenses wisely. Thus, it is
important to not just spend resources without considering the actual necessities that
person. A person must know how to utilize his/her expenses wisely. Thus, it is
important to not just spend resources without considering the actual necessities that
The researchers chose this study to elaborate the effects of online shopping on
financial planning because we believe that the common problems that impede an
individual's finances are spending without realizing his/her limits, neither practicing
nor knowing how to save, not feeling satisfied, and failing to consider future financial
This study aims to assess the effects of online shopping in financial planning of
1.1 age;
1.2 gender;
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terms of:
3.1 Reciprocity;
3.2 Commitment
3.3 Consensus
3.4 Authority
3.5 Liking
3.6 Scarcity
by various factors. In the changing global scenario we find that consumers needs and
wants to buy a product also changes with it. Muthuvelayutham (2012) The Study of
Consumer Brand Loyalty - Consumers typically go through seven major stages when
making purchase decisions viz. need recognition, search for information, pre-purchase
purchase decisions, such as brand, vendor, quantity, timing and payment method.
Purchase of all products do not involve all of these decisions. It depends on the cost,
life, frequency of the product. In case of high cost and infrequently purchased products
like television, all these decisions take place and there is no concept of trial purchase
because these products can be purchased for a considerable period. In case of low cost
and frequently purchased items like toilet soaps, food products etc. called Fast Moving
Consumer Goods (FMCGs) may not involve all decisions like payment method. True
brand loyalty includes the above, but replaces inertia with a psychological process
different authors and thinkers to get a better insight towards the term brand loyalty.
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Brand loyalty is a topic of much concern to all marketers. Every company seeks to have
a steady group of unwavering customers for its product or service. Because research
marketers are understandably concerned with this element. Thus, brands that seek to
improve their market positions have to be successful both in getting brand users and in
marketers must have a good understanding of what their customers’ needs are if they
are to satisfy them better than the competition. A thorough understanding of why and
how people buy things helps marketers identify appropriate people to target and design
and communicate attractive offerings. In other words, every element of the marketing
plan benefits from an understanding of the customer and, with the rapid pace of change
in consumer markets today, this is only going to become more important. It is also worth
organisational buying behaviour, as some important differences exist between the two.
For instance, people within governments and businesses who are responsible for
buying goods and services tend to work closely with colleagues to make collec- tive
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decisions. The much-used term consumer behaviour includes all of the examples we
have been looking at. That is, it would involve the buyers or customers of products, as
well as the people who actually use them. It deals with the buying decision itself and far
beyond.
reciprocity in any theory of customer relationships. As we can see by this approach, the
focus of reciprocity is on cooperation, a concept that is definitely related to, but not the
(2005) find that consumers may experience guilt if they are not able to reciprocate the
social interaction (through a purchase). Subsequently, they are more likely to return and
purchase from that salesperson to assuage the feeling of guilt. - Reciprocity is first
has failed to adequately incorporate the concept of reciprocity in any theory of customer
especially those streams focusing on relationship, however very few researchers have
attempted to conceptualize or measure reciprocity at all. - Miller and Kean (1997) find
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emphasizing concern for others or strong attachment to others), rural consumers are
to, but not the same as, reciprocity. - Cialdini and Rhoads (2001) review a large quantity
of past research which investigates the role of reciprocity in the process of social
influence. The authors suggest that reciprocity is one of six psychological principles
(also including scarcity, authority, consistency, liking, and consensus) that impacts
When commitment is viewed in this light, it is both positive and inspiring. The
second definition, however, paints a very different picture. Here commitment is viewed
commitment inspires more than just loyalty – it creates brand advocates. - According to
John Meyer and Natalie Allen (2018), consumers that are committed to a brand in this
way are almost completely insulated from competitive offerings because their feelings
for the brand make them very difficult to lure away. Continuance commitments are built
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represent the middle ground – a customer relationship that could be better but could
definitely be worse.
respect to PFP is based on the foundations of Modigliani, Markowitz and Becker Altfest
acclaims that there should be more research on this theory, as it is a challenging task
for the financial planner, for compelling financial judgement, with the varying needs of
the consumers and fluctuating economic structure Mittra et al. (2005), explained there
have been growing demand for the financial planning due to this economic instability
and it’s a challenging task for the financial planner for taking decision. PFP is the
process where individual can accomplish their anticipated goal by effective utilization of
their capitals. Harrison (2005), states financial plan is the intentions for achieving
desired future financial goal from the current financial situation. David et al (2016),
aspects like; managing cash flows, insurance, tax, estate, education planning etc.
Online shopping is the most applicable solution on our lives in today’s world. In
the past decade, there had been a massive change in the way of customer’s
consumers feel very convenient to shop online. Online shopping saves a lot of time
for most people because they get so busy that they cannot or unwilling to spend
much time shopping. It should be clearly stated that Online shopping is growing as a
popular modern channel for consumers in recent years, fuelled by high internet
penetration. Consumers now are spending more time online and are also shopping
more online. Among consumers using the internet, up to 98% of consumers have
Online shopping indicates electronic commerce to buy and sell products or services
directly from the seller through the Internet and gadgets. Internet-based or Click and
Order business model has replaced the traditional Brick and Mortar business model.
emphasized that the lack of physical interaction tends to be the critical impediment in
online retail sales followed by the privacy of individual information and security of
The researchers believe that the result of this study will be beneficial to the
factor in effecting change within their financial behavior. Thus, the findings of this
To the consumer, as the main participants of the study, it will help them to be more
knowledgeable regarding the allocation of their finances. This will raise their
awareness on how the way they handling money. Furthermore, this study provides
financial knowledge which they can use in everyday life and in the future.
To the community, This, study will help in improving the awareness of the public
To the future researchers, this study will serve as basis and useful reference
For a better understanding of the concepts and terms in this study, the following
products or services directly from a vendor through the Internet using a web browser or
a mobile app.
method of wisely managing your finances so you can achieve your goals and dreams,
while at the same time negotiating the financial barriers that inevitably arise in every
stage of life.
Financial Goals – are goals you set that revolve around finances or money. Financial
goals are targets, usually driven by specific future financial needs. Some financial goals
you might set as an individual include saving for a comfortable retirement, saving to
send your children to college, or managing your finances to enable a home purchase.
Income – Income is money (or some equivalent value) that an individual or business
and Social Security are primary sources of income for retirees. For individuals, income
Consumer behavior - the study of consumers and the processes they use to choose,
use (consume), and dispose of products and services, including consumers’ emotional,
Financial Situation – The economic situation one can have. (the money he has against
The scope of this study was included one hundred selected Consumers from
Quezon, Province.
The research was conducted during the 1st semester of the school year
2021-2022. This study focuses on the effects of online shopping in financial planning
Document Code:
MANUEL S. ENVERGA UNIVERSITY FOUNDATION
Lucena City Document Title:
An Autonomous University Page No.: Page 14 of 14
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DR. CESAR A. VILLARIBA RESEARCH AND Effectivity Date:
KNOWLEDGE MANAGEMENT INSTITUTE Prepared by:
Reviewed by:
QUALITY FORM Approved by:
Authority, Liking, and Scarcity. In that case, respondents were given time to freely