Question

In: Economics

Alcove Studio is a designer boutique that sells the most recent collections from top designers. Since...

Alcove Studio is a designer boutique that sells the most recent collections from top designers. Since it sells exclusive clothing, customers from all over the world are willing to pay exorbitant prices and place orders months in advance. Alcove studio’s goods are examples of-

1. Specialty goods

2. organizational goods

3. Impulse goods

4. convenience goods

Solutions

Expert Solution

It is an example of specialty good because specialty goods are those which are unique and consumer will make efforts to buy them, in this case also Alcove studios sells exclusive clothing and consumers are willing to pay exorbitant prices.

Rahul Sunny answered 2 years ago
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