Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consumer products are products and services used by people for their personal use. Marketers categorize consumer products into several categories; this helps marketers determine the

Consumer products are products and services used by people for their personal use. Marketers categorize consumer products into several categories; this helps marketers determine the appropriate pricing, promotion, and placement strategy. In this activity, you will be asked to determine which product falls into which category.

Marketers classify consumer products by the way the products are used and the way that they are purchased. Four main product categories include specialty goods/services, shopping goods/services, convenience goods/services, and unsought goods/services.

Match the product type to the appropriate example of a real-life product

image text in transcribed

Product Product Type Convenience Product Unsought Product Milk Shopping Product Specialty Product Shopping Product Limited Edition Ford Mustang Specialty Product Perfume Unsought Product Life Insurance Convenience Product

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Information Audit A Practical Guide

Authors: Susan Henczel, Sue Henczel

1st Edition

3598243677, 978-3598243677

More Books

Students also viewed these Accounting questions