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26 January, 05:02

Choose 3 types of consumer goods (choose all that are correct)

A) Convenience Goods

B) Impulse Goods

C) Specialty Goods

D) Raw Goods

E) Natural Goods

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  1. 26 January, 05:24
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    A) Convenience Goods

    B) Impulse Goods

    C) Specialty Goods

    Explanation:

    Convenience Goods are items consumers buy often and easily without putting much thought into them. These include newspapers, magazines, most grocery items, and petrol. Since consumers have a good sense of how much these items cost, they don't consider their price unless it falls outside their expectations.

    Impulse goods are products that people buy on impulse, i. e., without planning to do so. Retailers commonly place these items near the checkout counters of supermarkets, filling stations, and other retail outlets. Products such as chocolate, snacks, chewing gum, and candy, for example, are impulse goods.

    Specialty Goods are those consumer's goods on which a significant group of buyers are habitually willing to make a special purchasing effort. Holton defined specialty goods as those convenience or shopping goods which have such a limited market as to require the consumer to make a special effort to purchase them
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