202k views
5 votes
What is the definition of convenience goods?

User Toonice
by
7.7k points

2 Answers

3 votes
Convenience goods are goods that are usually widely-distributed, easily accessible, purchased frequently, and relatively inexpensive. They have a constant demand. These include things like soap, toothpaste, gum, and candy. A helpful way to remember this definition is that some of these goods are often found in convenience stores.
User Bdk
by
7.2k points
3 votes
A convenience good is a consumer item that is widely available and purchased frequently with minimal effort. These items are readily available for people to purchase.
User Brady
by
6.8k points