Shopping Product

Published by MBA Skool Team, Last Updated: January 22, 2018

What is Shopping Product?

A shopping product is defined as a product on which a customer spends a considerable amount of time before buying it.

The time is spent mostly on comparing prices of competitive products, specifications, quality, effectiveness and efficiency.

For example: If a customer wants to buy a SUV with a budget of 20 lakhs, the customer will compare various SUVs in that segment which includes, Toyota Fortuner, Ford Endeavour, Chevrolet Captiva etc. The prices, engine technicalities, specifications etc. will help the customer to choose the right vehicle.

 

This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

Browse the definition and meaning of more similar terms. The Management Dictionary covers over 2000 business concepts from 6 categories.

Search & Explore : Business Concepts



Share this Page on:
Facebook ShareTweetShare on Linkedin