Final answer:
A Convenience product is typically a low-priced, widely available item purchased frequently and with minimal effort.
Step-by-step explanation:
The consumer product that is typically low-priced, widely available, and purchased frequently with minimal comparison and effort is known as a Convenience product. These items are commonly found in many locations and are designed to be bought with little thought, due to their everyday necessity and low cost. Contrarily, Shopping products are those that consumers compare on attributes such as quality, price, and style across several stores before making a purchase. Specialty products are unique and consumers will go out of their way to search for and purchase them. Lastly, Unsought products are not actively sought out by consumers, often because they are not aware of them or suddenly need them due to an emergency or the realization of a need that they hadn't considered before.