Question

What are the differences between low-order, middle order, and high order goods and services.?

Answer 1

Answer:

There are many differences among low-order goods, middle-order goods and high-order goods. Low-order goods are products that are regularly bought and are cheap. For instance, a convenience market sells low-order goods such as sweet cakes, newspapers, juice, food, and lottery cards. Middle-order goods are time-to-time items that are bought but not as regularly as low-order goods. They are objects such as CD's, computers, or largest clothing items. These things are assumed some bit expensive. High-order stocks are the most costly things or have an inadequate store and are rarely bought. Some models of those would be mountain climbing supplies, specific magazines, live movies and multi-screen cinema shows. It is said that markets trading these goods require to have an origin community of tens of thousands.

Answer 2

For the answer to the question above, well I think basically the high order goods can be classified as luxury items. for example television, air conditioners, cars and laptops and etc.,
Low order goods are things such as newspapers, groceries etc. which cost very little compared to the first examples.
I'm not that sure about the medium order but I think it could be things in between such as clothes or lamps. There can be a lot of variation in these though like clothes bought from Lacoste and clothes bought from Old Navy have a large difference in price.