Question

convenience goods are
1.consumers goods
2.industrial goods
3.intangible goods
4.productive goods
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Answer 1

Answer:

convenience goods are consumer goods

Answer 2

Convenience goods refers to the goods and services that consumers or buyers usually purchase on a regular basis without investing much prior thoughts or considerations.Therefore,these are examples of consumer goods and the correct answer is option 1. or consumer goods.

Explanation:

Convenience goods usually comprise of the day to day regular items that any consumer or buyer purchases mainly because of habitual reasons or regular necessity.Hence,they do not usually invest much time and thought for purchasing these types of items.Examples of convenience goods can be newspapers,packaged food,sealed water bottles,candies etc.These items are very much different from luxury commodities or services such as branded cars,watches,clothing and accessories which are considered to be big purchases and the consumers usually invest a lot of time for market research and decision making before purchasing them.Commodity pricing is very important in the case of convenience goods to ensure sustainable consumer demand for these products.