A refrigerator falls into which of the following classifications of goods?
A) Accessory equipment
B) Specialty products
C) Convenience products
D) Shopping products

Question

Quizplus · Accepted Answer

A refrigerator falls under the category of shopping products as it requires a considerable amount of time and effort to compare and select the right one regarding features, specifications, and price. It is not considered an accessory equipment as it is not used to produce other goods. It is also not a specialty product as it is widely available and not limited to a certain geographical area or specific brands. And finally, it is not a convenience product as consumers don't buy refrigerators frequently, and they don't habitually stock up on them.

A Refrigerator Falls into Which of the Following Classifications of Goods