Convenience products are purchased with little shopping effort. these products typically are purchased regularly, usually with little planning, and require wide distribution.
<h3>What are convenience products?</h3>
This is the economic name that is used to refer to those products that are known to be frequently bought by the people that make use of or consume them.
These products are usually gotten without making much plans for them. They are low priced products that may not really be differentiated from other products in the market.
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One of the effect of the increase in leisure time is the development of public places that built for the people who wanted to enjoy their leisure time, such as library, public parks, coffee shops, etc
Market pressure will cause the price of cell phones rise until it reaches the equilibrium price
B. False
Karl Marx was a German philosopher, journalist, economist and sociologist.
