What are specialty goods characterized by?

Specialty goods are characterized by their assembly in individual or small quantities. This means that they are often produced with a specific target market in mind, maintaining a unique quality or distinctive features that appeal to consumers. Unlike mass-produced items, specialty goods often require specialized skills, craftsmanship, or specific materials, contributing to their distinctiveness.

Consumers typically seek out specialty goods because they fulfill specific preferences, desires, or needs, which cannot be met by more commonly available products. Therefore, the small-scale production aligns with their luxury or niche status in the market. This suggests a conscious approach to marketing and selling, where the exclusivity and uniqueness are key components of the product's appeal.

The other options do not accurately describe specialty goods: mass production is generally associated with common consumer goods, standardization is linked with generic products that appeal to a broad audience, and low demand would not typically be applicable since specialty goods can have strong demand among particular consumer segments, even if they're not highly sought after by the general population.