“…Consumer value formation may stem from the bundle of attributes that the product possesses, which could be tangible or intangible (Kotler, 2002;McColl-Kennedy & Kiel, 2000). Product attributes identified in the literature included packaging, color, price, quality, brand, even the service level and reputation of the seller (Pitts, Wong, & Whalen, 1991;Stanton, Etzel, & Michael, 1991). Product attributes are intermediate values that consumers perceive to achieve final ends of benefits rather than risks (Peter, Olson, & Grunert, 1993;Pieters, Baumgartner, & Allen, 1995;Woodruff, 1997).…”