BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Select good
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Speciality good
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Unsought good
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Service
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Detailed explanation-1: -Good examples of unsought goods include fire extinguishers, batteries, and life insurance. People will typically buy an unsought good out of a sense of fear or danger.
Detailed explanation-2: -Life insurance, disability insurance, and nursing home insurance are unsought product examples that require a great deal of backend marketing.
Detailed explanation-3: -Unsought products are goods that the consumer does not know about or does not think to buy. They are often expensive, risky, or complicated products. Examples include: Funeral services.
Detailed explanation-4: -What is Unsought Products? Unsought products are referred to the products which consumer are unaware of or does not normally buy. Purchase of such goods is usually done out of fear of danger or the ries of danger. Unsought product examples are fire extinguishers, life insurance, reference books, and funeral services.