In terms of price,which of the following types of goods would most likely be relatively inexpensive?
A)shopping goods
B)convenience goods
C)specialty goods
D)unsought goods

Question

Quizplus · Accepted Answer

Convenience goods are frequently purchased and readily available products that usually have a low price point. Examples include household items like soap, toothpaste, or paper towels. These goods are often sold at grocery stores or convenience stores, and because they are everyday items, they are priced reasonably to encourage regular purchases. Shopping goods and specialty goods are typically more expensive because they are often seen as luxury or non-essential items that are purchased less frequently. Unsought goods may also be expensive because they are products that a customer does not actively seek out, but may need in certain circumstances (like funeral services).

In Terms of Price,which of the Following Types of Goods