“…Functional value reflects the perceived utility of the valuedelivering attributes or characteristics of offerings (Smith and Colgate, 2007). It may involve different types of characteristics: (a) aesthetics, quality, customization or creativity; (b) reliability, performance quality, or service-support outcomes; (c) strategic value, effectiveness, operational benefits and environment benefits (Woodruff, 1997); d) price/value for money; and (e) performance/quality (Sweeney and Soutar, 2001). Emotional value reflects the value perceived as a result of offerings´ ability to "arouse or perpetuate feelings or affective states, such as comfort, security, excitement, romance, passion, fear or guilt" (Smith and Colgate, 2007, p: 8), with types of responses changing according to the context (Smith and Colgate, 2007).…”