Classification of Products

Classification of Products
How Consumers Shop for the Product



Convenience Products
>         Frequently purchased with little effort
>         Low priced
>         Must be convenient                   
             Staples, impulse, emergency
Shopping Products
>         Considerable time & effort in selection
>         Moderately brand loyal
>         Comparison shop
              Clothing, appliances, services
Specialty Products
>         Significant purchase efforts
>         Brand loyalty
>         Unique characteristics important to buyer
             Big Bertha golf club, Rolex
Unsought Products
>         Little awareness or interest until need arises
>        Require much advertising &
           personal selling
           Retirement plans, insurance

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