Question

Distinguish between convenience and shopping products.

Answer 1

Differences between convenience and shopping products:

$\begin{array}{ccc}\text{Basis}& \text{Convenience Goods}& \text{Shopping Goods}\\ \text{Shopping effort}& \text{They are purchased at}& \text{They are purchased after a}\\ & \text{convenient locations},& \text{detailed comparison involving}\\ & \text{with least time and effort}.& \text{more time and effort}\\ \text{Price and profit}& \text{Their unit price and}& \text{Their unit price and}\\ & \text{profit margin is low}.& \text{profit margin is high}.\\ \text{Nature of Buying}& \text{Impulsive buying}& \text{Preplanned purchase}.\end{array}$