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List the characteristics of convenience products. - Business Studies

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प्रश्न

List the characteristics of convenience products.

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उत्तर

Convenience products must possess the following characteristics.

The features of convenient products are:-

  1. They are bought frequently
  2. The price of convenience products are less than other products
  3. The brand is not a major issue
  4. They are generally consumable in nature
  5. Price and quality are normally not considered
  6. The level of competition is high
  7. They are bought from convenient places
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