Comparison goods
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 consumer goods or convenience goods such as food, which are low-cost and purchased more frequently.[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
[edit]- 1 2 3 4 5 "How and why is retail changing?", BBC Bitesize. Retrieved 26 August 2020.
- 1 2 3 "Comparison goods" Archived 2020-09-22 at the Wayback Machine, BusinessDictionary. Retrieved 26 August 2020.