Compare and contrast the four types of products in the societal classification of products. Provide examples of each

What will be an ideal response?

Student answers will vary. Deficient products are at the bottom because they have neither immediate appeal nor long-run benefits. Desirable products are at the top because they give both high immediate satisfaction and high long-run benefits. In between are pleasing products and salutary products. Pleasing products give high immediate satisfaction but may hurt consumers in the long run. Salutary products have low appeal but may benefit consumers in the long run. Examples will vary to include some of the following: cigarettes, junk food, sour-tasting and ineffective medicine, seatbelts, and tasty and nutritious breakfast foods.