In retail economics and geography, comparison goods are products which are usually higher value [1] and purchased infrequently, such as vehicles, household goods or clothing. [1] [2] Consumers tend to compare products before purchasing them to maximise value and quality. [1] [2] They are contrasted with convenience goods, which are purchased frequently and are usually low value (such as food). [1] Shops offering comparison goods are often clustered in central business districts or in out-of-town retail centres, where retailers can compete over their offers. [1] [2]
References
- ^ a b c d e "How and why is retail changing?", BBC Bitesize. Retrieved 26 August 2020.
- ^ a b c "Comparison goods" Archived 2020-09-22 at the Wayback Machine, BusinessDictionary. Retrieved 26 August 2020.
In retail economics and geography, comparison goods are products which are usually higher value [1] and purchased infrequently, such as vehicles, household goods or clothing. [1] [2] Consumers tend to compare products before purchasing them to maximise value and quality. [1] [2] They are contrasted with convenience goods, which are purchased frequently and are usually low value (such as food). [1] Shops offering comparison goods are often clustered in central business districts or in out-of-town retail centres, where retailers can compete over their offers. [1] [2]
References
- ^ a b c d e "How and why is retail changing?", BBC Bitesize. Retrieved 26 August 2020.
- ^ a b c "Comparison goods" Archived 2020-09-22 at the Wayback Machine, BusinessDictionary. Retrieved 26 August 2020.