Questions and Answers
Which type of goods are perceived by consumers to have no reasonable substitute and are willing to put in extra effort to purchase?
Specialty goods and services
Which type of goods are products that consumers want to purchase frequently with minimal effort?
Convenience goods and services
Which type of goods are consumer products bought after comparing value, quality, price, and style from various sellers?
Shopping goods and services
Which type of goods are products that consumers do not actively seek out or think about purchasing?
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Which type of goods are sold mainly in stores like Speedway or 7eleven?
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Which type of goods are consumer products with unique characteristics and brand identity?
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Which type of goods are products that consumers want to purchase frequently with minimal effort?
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Which type of goods are consumer products bought after comparing value, quality, price, and style from various sellers?
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Which type of goods are products that consumers do not actively seek out or think about purchasing?
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Which type of goods are sold mainly in stores like Speedway or 7eleven?
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Study Notes
Types of Goods
- Specialty Goods: Perceived by consumers to have no reasonable substitute, and they are willing to put in extra effort to purchase.
- Convenience Goods: Products that consumers want to purchase frequently with minimal effort.
- Shopping Goods: Consumer products bought after comparing value, quality, price, and style from various sellers.
- Unsought Goods: Products that consumers do not actively seek out or think about purchasing.
- Conveniently Available Goods: Sold mainly in stores like Speedway or 7-Eleven.
- Specialty Goods: Consumer products with unique characteristics and brand identity.
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