What are Tools of Product Differentiation?

Product Classification or Tools of Product Differentiation:

As products have many tangible and intangible attributes so products should be consider in identifiable groups, formally using a classification pattern which aids marketing planning.

Tools of Product Differentiation

Consumer goods are additionally divided in four groups that are describes as under: convenience goods, shopping goods and speciality goods.

i. Convenience Goods: These are generally inexpensive items.

ii. Shopping Goods: Shopping goods comprises durable and semi durable items.

iii. Speciality Goods: Consumers of area goods pay for prestige and also product itself. For example: Jewelly, branded designer, clothes and watches.

iv. Unsought Goods: The customer not taken as these goods before made conscious of them or goods that are unaware.