Comparison goods explained

In retail economics and geography, comparison goods are products which are usually higher value[1] and purchased infrequently, such as vehicles, household goods or clothing.[2] Consumers tend to compare products before purchasing them to maximise value and quality. They are contrasted with consumer goods or convenience goods such as food, which are low-cost and purchased more frequently.

Shops offering comparison goods are often clustered in central business districts or in out-of-town retail centres, where retailers can compete over their offers.

Notes and References

  1. https://www.bbc.co.uk/bitesize/guides/zwqqk2p/revision/2 "How and why is retail changing?"
  2. http://www.businessdictionary.com/definition/comparison-goods.html#:~:text=Products%20that%20often%20have%20business,cars%2C%20televisions%20and%20major%20appliances. "Comparison goods"