Published: June 5, 2010 Show
Convenience GoodsThe items which are bought frequently, immediately and with minimum shopping efforts are convenience goods. These include candy, ice-cream, cold drinks, cigarettes, magazines, medicines etc. the shops which keep the convenience goods are called convenience stores. Often convenience goods are non durable.  Some common features:
Shopping GoodsShopping is the activity of examination and selection of the goods or services from retailers with the intent to purchase at that time. The selection & purchasing is a result of a comparison of products based upon their suitability, quality, price, style and so on.. Examples are furniture’s, dresses, electronic items & appliances etc. Most of the shopping goods are durable. Some common features:
Specialty GoodsThe specialty goods incur special purchasing efforts and the items posses some special features. The buyers are willing to spend a lot of time & money to buy them in contrast with the shopping goods. The rare arts collections, antiques, prestige brands, style goods, automobiles etc. are the examples. The particular hotel, restaurant, hair salon, spa & resorts are examples of services. The comparison factor is absent in specialty goods. Some common features
The following points can be considered when differentiating between convenience, shopping, and specialty goods- 1. Convenience goods are goods that are brought by customers with minimum effort. They are brought in frequently. Shopping goods include goods that require selection and examination from the customer before their purchasing decision. Specialty goods are those types of goods that require special efforts from the customer as they have special attributes that make them unique. 2. Convenience goods focus on everyday products as they are durable and standardized whereas shopping goods tend to have comparisons between their products to ensure which is based on customer criteria. Specialty goods have limited demand and thus have a limited number of buyers. Examples- Convenience goods include goods like magazines, cold drinks, and ice cream. Shopping goods include electronic items, appliances, and furniture meanwhile specialty goods include prestige goods, hotels, and resorts. Uh-Oh! That’s all you get for now. We would love to personalise your learning journey. Sign Up to explore more. Sign Up or Login Skip for now Uh-Oh! That’s all you get for now. We would love to personalise your learning journey. Sign Up to explore more. Sign Up or Login Skip for now Solution Differences between convenience and shopping products:BasisConvenience GoodsShopping GoodsShopping effortThey are purchased atThey are purchased after a convenient locations,detailed comparison involving with least time and effort.more time and effort Price and profitTheir unit price and Their unit price andprofit margin is low.profit margin is high.Nature of BuyingImpulsive buyingPreplanned purchase.Solve Textbooks Question Papers What is the difference between convenience goods and shopping goods?Convenience goods focus on everyday products as they are durable and standardized whereas shopping goods tend to have comparisons between their products to ensure which is based on customer criteria. Specialty goods have limited demand and thus have a limited number of buyers.
What are convenience products and shopping products?Convenience goods are items consumers buy often and easily without putting much thought into them. These include newspapers, magazines, most grocery items, and gasoline. Since consumers have a good sense of how much these items cost, they don't consider their price unless it falls outside their expectations.
What are shopping goods?consumer goods that the customer typically compares for suitability, quality, price, features, etc. before selection and purchase.
What are the three types of convenience goods?Convenience Products – Definition Types & Examples. Staple Products.. Impulse Products.. Emergency Products.. |
