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5.3 - Coggle Diagram
5.3
4 Ps
Paid Price
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Price Inelastic means no matter the price, the customer is willing to buy it
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Product
Consumer Products
Convenience Goods
Inexpensive, quickly consumed, and frequently purchased
Chocolate, magazines, chewing gums, etc.
Shopping Goods
Chosen more carefully than convenience products, purchased less frequently, and last longer
Home Appliances, jewellery, cameras, etc..
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Specialty Goods
Goods with unique characteristics, for consumers who know exactly what they want and will not accept a substitute
Paintings, Cartier watch, etc.
Unsought Goods
Goods that are purchased only in emergency, unexpectedly
Emergency windscreen replacement, graveyard headstone, life insurance, etc.
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Product Levels
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Actual Level
Brand, packaging, quality, design, features
Augmented Level
Warranty, aftercare, installation, customer service
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