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

Question

Quizplus · Accepted Answer

A convenience good is a product that is relatively inexpensive and frequently purchased by consumers without much thought or effort. Ivory soap is a common, low-cost item that is often added to a shopping cart without much consideration or comparison shopping. The other options (Lexus LS 400 luxury automobile, Flight on Air Canada, Sony CD player) are either not as frequently purchased or are considered luxury items rather than convenience goods.

Which of the Following Is the Best Example of a Convenience