Products for which consumers cannot easily compare product characteristics and value information from others are called:
A)Experience goods
B)Search goods
C)Retail goods
D)Consumer goods
E)Credence Goods

Question

Quizplus · Accepted Answer

Experience goods are products or services for which consumers cannot easily evaluate quality or value based on external factors. The quality and value of experience goods can only be determined through personal experience or after purchase. Examples of experience goods include health care services, legal advice, and vacation packages.

Products for Which Consumers Cannot Easily Compare Product Characteristics and Value