Answer :
Specialty goods appeal to consumers who are willing to make an extra shopping effort to acquire them.
- Convenience goods are reasonably priced and require no effort to buy for. Examples include sodas, candy bars, milk, bread, and small hardware items. Consumers frequently purchase items without much thought.
- Consumer goods include items like jewelry, clothing, and food. Copper is an example of a basic or raw material that is not regarded as a consumer good because it must be converted into useable commodities.
- Automobile tires and electric appliances are a couple of examples of homogeneous buying items.
- Microwaves, pedestal and ceiling fans, washing machines, and refrigerators are all useful electrical equipment examples.
What are Speciality goods?
- Specialty goods are those with distinctive qualities or brand recognition. Customers of these goods are willing to make extra effort to buy specialist goods.
- Specialty goods are frequently expensive, and customers rarely take the time to compare them to comparable goods.
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