Describe the four classifications of consumer products.
Question: Describe the four classifications of consumer products.
Consumer products are classified into four categories based on consumer buying behavior: Convenience Products, which are frequently purchased with minimal effort (e.g., snacks, toothpaste); Shopping Products, which involve comparison shopping for quality and price (e.g., clothing, electronics); Specialty Products, which have unique characteristics and brand identification, leading consumers to make special purchasing efforts (e.g., luxury cars, designer clothes); and Unsought Products, which consumers do not think about often and require significant marketing efforts to sell (e.g., life insurance, emergency medical supplies). Each category requires different marketing strategies to effectively reach and satisfy consumers.
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