Economy, asked by ethanlouis911, 11 months ago

4 examples of consumer products in the market which are
prone to exploit people buying mindset. Plz Help

Answers

Answered by bestanswers
0

Consumer goods are the goods that are purchased by the consumers for direct consumption, and not for resale. In current times, marketing plays a pivotal role in influencing the buying patterns of consumers.

The consumer products have been divided into four broad categories depending on their usage, four examples of consumer products in the market,  which are prone to exploit people buying mindset are:

1.  Convenience Products: Tissue paper is a perfect example; there is no need for tissue papers when people wash their hands with water and soap and use towels or napkins instead.

2.  Shopping Products: Clothing is a set example, people like to purchase well-advertised branded products that are expensive rather than unbranded products, which are of similar quality

3.  Specialty Products: Cars and watches are an example of specialty products, people can use the public mode of transportation and ordinary watches, but they go for the expensive products to boost their social standing in the society.

4. Unsought Products: Diamond jewelry can be used as an example. Following the latest trends in society, people nowadays people buy diamond rings that are expensive for their engagement when an ordinary, less expensive jewelry can work.

Answered by Anonymous
0

Answer:

some examples are :-

cars, luxurious things ,bread, gold

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