ECONOMICS

Detailed explanation-1: -Cost comparison shopping is the process of finding the best price for a product or service by comparing different sellers.

Detailed explanation-2: -Comparison shopping-the practice of comparing prices, features, benefits, risks, and other characteristics of two or more similar products or services-may help you make more informed buying decisions and help you stay within your budget.

Detailed explanation-3: -What is the purpose of comparison shopping? Comparison shopping is when consumers compare the price of products or services between different providers and retailers before making a purchase. This enables customers to shop around for what they perceive to be the best deal.

Detailed explanation-4: -Shopping Products A shopping product is a product that requires comparison shopping because it is usually more expensive than a convenience product and is found in fewer stores.

Detailed explanation-5: -A convenience product is a consumer product or service that customers normally buy frequently, immediately and without great comparison or buying effort. Examples include articles such as laundry detergents, food, fast food, sugar, pet food and magazines.