Consumers seek <u>convenience products</u> because they can be easily, quickly, and frequently purchased.
<h3><u>What are convenience products?</u></h3>
Convenience goods are regularly and hastily purchased by consumers without much thought or emotion. Gas, candy, magazines, newspapers, and magazines are among the most often used types of convenience goods.
These items typically have a base price that doesn't differ significantly from store to store. In other words, unless the price is far more than expected, the consumer won't give it any thought.
<u>For instance, </u>someone would not be alarmed if they went to buy a gallon of milk and the price was $3. However, someone would be surprised if they went to buy a gallon of milk and were charged $10–$15 for it.
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The riddle which says the one who built have not used it before, and the user has never for once seen it, is Coffin.
- This statement can be regarded as a riddle, which is a question, phrase that can be termed to different meaning it is puzzle that needed to be solved.
- Coffin here are used for human remains , and the maker of has not used it before because he still alive.
Therefore, a Riddle is a way to test our ability to reason in different ways.
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From the first row of the table, at a price of $10, suppliers are not willing to make any shoes (quantity supplied of shoes = 0) since they will not make significant profit off of it.
In contrast, the demand is 500, since everyone would love to buy shoes at that very cheap price.
