Convenience Products Are

question 124

Multiple Choice

Convenience products are .

• A) relatively inexpensive, frequently purchased items for which buyers exert only minimal purchasing effort
• B) inexpensive items for which buyers are willing to exert considerable effort
• C) rarely purchased items that are found in certain retail outlets
• D) items that are expensive but are easy to purchase
• E) items that require some purchase planning and for which the buyer often will not accept substitutes

---

Definitions:

Efficiency

The extent to which time or effort is well used for the intended task or purpose, often with the minimum amount of waste, expense, or unnecessary effort.

Equality

An existence of equality, notably in areas of status, rights, and opportunities.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choice.

Ticket Price

The cost charged for admission to an event or access to a service.