Answer to Question #302518 in Finance for zohaib

Question

For Mr. Crowder, the Ferrari is a specialty good. What kind of product would it be for you? Why?

Answer 1

It would be a shopping product. These are bought only after a brand-to-brand and store-to-store comparison of price, suitability, and style. Examples are furniture, automobiles, a vacation in Europe, and some items of clothing. A Ferrari falls under automobiles and I would do a comparison with other models