Which of the following products is most likely to be considered a typical convenience good?
A) a new car
B) a loaf of bread
C) a dishwasher
D) a new window for your home
E) a new cell phone with MP3 player

Question

Quizplus · Accepted Answer

A loaf of bread is a typical convenience good because it is frequently purchased, requires little effort to acquire, and is relatively inexpensive.

Which of the Following Products Is Most Likely to Be