Specialty Goods
There are products that are purchased infrequently. The consumers will conduct extensive research to make sure that their purchase decision is right, because specialty goods are expensive and infrequent purchases.
Specialty Goods - consumer goods for which the customer has strong preference and is prepared to search for extensively to select and purchase the most suitable. See Convenience Goods; Shopping Goods.
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specialty good A specialty good is one that users/consumers will spend more time searching for, and time travelling to and pay higher for. A library specialty good could be a certain online service or special collection of materials.
See Convenience Goods; Specialty Goods. Short-Run Average Cost the average cost per unit of production of a set or group of products in the short term. Note that in the long term, the average cost may be lower due to the effect of experience.
For the consumer market, products falling into the convenience and shopping goods categories are likely to use mass market promotional approaches while higher-end specialty goods are likely to use personalized selling.
a pricing method in which the price charged for some consumer shopping goods and specialty goods and for many industrial products is open to negotiation between buyer and seller, also known as multiple pricing and variable pricing
flighting ...
1) Durability and Tangibility a) Non-durable goods b) Durable goods c) Services 2) Consumer goods Classification: Classified according to shopping habits a) Convenience goods b) Shopping goods c) Specialty goods d) Unsought goods ...
Specialty goods are those that are of interest only to a narrow segment of the population-e.g., drilling machines. Industrial goods can also be broken down into subgroups, depending on their uses.
 See also: Goods, Consumer, Product, Shopping good, Price
  
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