Agricultural equipment | Aircraft |
Antiques | Art supplies |
Audio equipment | Baby products |
Backpacks | Baked goods |
Bath products | Beauty products |
Bedding & linens | Beverages |
Bicycles | Books |
Building materials | Candy & confectionery |
Cleaning equipment | Cleaning supplies |
Collectibles | Computers |
Cosmetics | Costumes |
Craft supplies | Cultural & traditional items |
DIY supplies | Data storage devices |
Decorations | Desserts |
Dinnerware | Educational & training materials |
Electronics | Energy systems |
Eyewear & sunglasses | Fabric |
Fashion & accessories | Fitness products |
Food | Footwear |
Furniture | Games |
Gardening supplies | Gourmet Foods |
Handbags | Hardware |
Health & wellness | Health food & nutrition |
Healthcare equipment | Heating, cooling & air quality |
Home appliances | Home automation |
Home improvement | Industrial machinery |
Industrial supplies | Jewelry |
Kitchenware & cookware | Lab & scientific products |
Lighting & fixtures | Luggage |
Machines | Magazines |
Media equipment | Medical devices |
Medicine | Mobile devices |
Networking equipment | Office furniture & equipment |
Office supplies | Outdoor furniture |
Outdoor gear | Packaging supplies |
Paper products | Party supplies |
Perfumes | Personal care products |
Personal hygiene | Pet supplies |
Robotics | Safety gear |
Secondhand goods | Security systems |
Ships and boats | Snacks |
Software | Sporting goods |
Stationery | Storage systems |
Tools | Toys |
Travel accessories | Vehicles |
Video games | Wearable technology |
Unsought Product
A product that has little or no demand. This can occur because the product is so innovative that customers don't understand it yet. It can also apply to products that fail to perk customer motivation such as a coffin.Commodity
Products and services that customers view as undifferentiated. This means that customers buy on price alone and see no difference between products as long as they meet a minimum level of quality. Firms that produce a commodity have no influence over price and must accept market prices.Customer Preferences
Products that appeal to customer preferences. This is a primary way to escape commodity pricing. For example, an artisanal food that commands a premium price because it appeals to customer preferences such as taste.Convenience Products
Products and services that make the customer's life easier. Customers are often strongly motivated to save time and simplify. Convenience products include factors such as labor saving, time saving and things that are easy to use.Niche Products
Products that target a small set of customer needs and preferences. This allows a product to be strongly differentiated in a crowded market. It may also allow a small business to avoid direct competition with larger firms.Complimentary Goods
Products designed to compliment another product or service. This include things that directly work with another firm's products such as an accessory for a mobile device.Premium
Goods and services that use social status and/or superior quality to command high prices.| Overview: Products | ||
Type | ||
Definition | Physical goods that are designed to be used directly. | |
Related Concepts | ||
