Which of the following is the best example of a convenience good?
A)Sony CD player
B)Lexus LS 400 luxury automobile
C)Flight on Air Canada
D)Ivory soap

Question

Quizplus · Accepted Answer

A convenience good is a type of consumer good that is purchased frequently, immediately, and with a minimum of effort. Ivory soap is a commonly purchased item that fits this definition as it is a basic necessity for personal hygiene and is widely available in stores. The other options may also be consumer goods, but they are not necessarily purchased frequently and with minimal effort. For example, a luxury automobile (B) is not a basic necessity and requires significant effort and expense to purchase, while a flight (C) may be necessary for travel but requires considerable planning and investment.

Which of the Following Is the Best Example of a Convenience