In economics, any commodity which is produced and
subsequently consumed by the consumers, to satisfy its current needs, is known
as a consumer good. Consumer goods that are ultimately consumed, rather than
being processed further into other goods.
Consumers are individuals and households who buy goods and
services to serve their personal use. Consumer goods are those goods which
individuals purchase in such form that do not require further processing.
Examples of such goods are television, pressing iron, wrist watch, shoes,
cigarettes, chewing-gum, video tapes, etc. Consumer products are grouped
according to the consumer’s buying habits. They are convenience goods, shopping
goods and specialty goods.
Convenience good is a consumer product which consumer buys
as a routine, purchased often, appeals to a large market and the consumer
purchases them with little planning. Generally, convenience goods come in the
category of non-durable goods such as fast food, cigarettes, tobacco, biscuits,
etc in order for these producers to reach their target market, they have to have widespread availability. Convenience
goods are not associated with a large price, so companies must sell a large
volume in order to make a profit.
Think of how many places you can buy a pack of gum, places
like drug store, supermarkets,
convenience stores, warehouses, etc. most of the time these products do not
require much thought and are almost reflex reactions for the consumer to buy.
Convenience products also do not require complicated information based on
advertising. Instead, the promotion is all about reminding the consumer that
the product is available.
Shopping goods are those which take lot of time and proper
planning before making purchase decision. In this case, consumers do a lot of
selection and comparison based on various parameters such as cost, brand, and
style, comfort, etc, before buying the item. Shopping goods are costlier than
produce shopping goods usually try to set up their shops and show rooms at
active shopping area to attract customer
attention. Their main focus is to do lots of advertising and promotion,
so as to attract customer. Homogenous and heterogeneous are the two specific
types of shopping goods. Homogeneous products are perceived by consumers as
very similar in nature and the final purchase in determined on the lowest
price.
Heterogeneous products are viewed very differently and
consumer’s comparison based on, not just for the lowest price, but for the
brand that works better than the other.
Brands play an important role in heterogeneous goods, as the
features, image and quality of the product is considered.
In fact, shopping products usually have a social pressure to
the purchase in a heterogeneous type of product, so consumers are willing to
put in the time to receive a psychological benefit.
Distribution of shopping goods does not need to be as
widespread as convenience goods because there is a smaller target market for
the products.
Specialty goods are unique in nature; these are unusual and luxurious
items available in the market. Specialty goods are mostly purchased by the
upper class of the society, because of their expensiveness in nature. It is
quite difficult to be afforded by middle or lower class people of the society.
Companies advertise their goods targeting the upper class.
These goods do not fall under the category of necessity; rather they are
purchased on the basis personal desire or preference.
Brand name, uniqueness and special features of the item are
major attributes which attract consumers and make them buy such products.
Examples of such goods are Jewelries, wedding dresses, car, etc.
Consumers’ behavior on the commonly used products which are
identified as frequently purchased products and those that are necessary and
may not be avoided in the consumer’s daily activities. Consumer may have
different preference, taste and behavior patterns while is making a purchases
decision. Consumer behavior which is complex and involves interplay of
individual and social cultural processes may studied with the knowledge of
behavior exhibited by people in purchasing and using economic goods or
services. In consideration of convenience goods which are frequently purchased,
it is important to know the preference and taste of consumers. These factors
that forces an individual consumer during the purchase process is needful to
detect.
It is imperative for the retailers to understand the
behaviors consumers which are highly dynamic in nature. Review of literature
has revealed that purchase behavior of consumer is different in various
countries and societies. The reason behind the variation in behavior of
consumers is as a result of diverse cultures and the changing economics of
those societies. So this study intends to know how these factors have created
an Impact On The Consumer Choice Of Convenience Goods In Enugu Metropolis.
-- (2021). Impact On The Consumer Choice Of Convenience Goods In Enugu Metropolis. Repository.mouau.edu.ng: Retrieved Dec 25, 2024, from https://repository.mouau.edu.ng/work/view/impact-on-the-consumer-choice-of-convenience-goods-in-enugu-metropolis-7-2
--. "Impact On The Consumer Choice Of Convenience Goods In Enugu Metropolis" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 03 Jun. 2021, https://repository.mouau.edu.ng/work/view/impact-on-the-consumer-choice-of-convenience-goods-in-enugu-metropolis-7-2. Accessed 25 Dec. 2024.
--. "Impact On The Consumer Choice Of Convenience Goods In Enugu Metropolis". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 03 Jun. 2021. Web. 25 Dec. 2024. < https://repository.mouau.edu.ng/work/view/impact-on-the-consumer-choice-of-convenience-goods-in-enugu-metropolis-7-2 >.
--. "Impact On The Consumer Choice Of Convenience Goods In Enugu Metropolis" Repository.mouau.edu.ng (2021). Accessed 25 Dec. 2024. https://repository.mouau.edu.ng/work/view/impact-on-the-consumer-choice-of-convenience-goods-in-enugu-metropolis-7-2