Question

A __________ is defined as an item consumed in one or a few uses.

a. durable good


b. convenience good


c. specialty good


d. shopping good


e. nondurable good

Answer 1

Answer: Option B

Explanation: In simple words, convenience goods refers to the commodities that are widely available in the market and can be purchased frequently with minimal efforts. Newspapers and candy bars are some of the many examples of convenience goods.

These goods are consumed or loose their values after one or few uses.