A "search good" is: a. One that depends on how the product behaves over time b. A product whose quality is only found out over time by finding how durable it is c. Like a peach that can be examined for flaws d. Like a used car, since it is easy to determine its inherent quality e. None of the above

Question

Business

Steven

28 May, 17:12

A "search good" is: a. One that depends on how the product behaves over time b. A product whose quality is only found out over time by finding how durable it is c. Like a peach that can be examined for flaws d. Like a used car, since it is easy to determine its inherent quality e. None of the above

+4

Answers (1)

Know the Answer?

Brielle · Answer 1

(D). A search good is "like a used car, since it is easy to determine its inherent quality."

Explanation:

"Search goods" are goods whose value can be evaluated before purchase. The quality and functions of such goods can be judged based on information already available.

Information may be obtained through inspection of the product, customer reviews or from personal experience from previous use of the product.

An example is a used car which can be inspected to determine its quality.