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Consumer electronics are products used in a domestic or personal context, in contrast to items used for business, industrial, or professional recording purposes. These can include television sets, video players and recorders (VHS, DVD, Blu-ray), videocams, audio equipment, mobile telephones and pagers, portable devices and computers and related ...
In the United States, dedicated consumer electronics stores have mostly given way to big-box stores such as Best Buy, the largest consumer electronics retailer in the country, [40] although smaller dedicated stores include Apple Stores, and specialist stores that serve, for example, audiophiles and exceptions, such as the single-branch B&H ...
In an unregulated market, prices of credence goods tend to converge, i.e. the same flat rate is charged for high and low value goods. The reason is that suppliers of credence goods tend to overcharge for low value goods, since the customers are not aware of the low value, while competitive pressures force down the price of high value goods. [6]
Businesses that produce consumer goods for households are categorized as "civilian goods" with a cyclical nature according to Thomson Reuters' business classification. These businesses are divided into three subgroups: Consumer electronics, Housewares, [3] tools and household items; Home furniture (such as furniture)
Product classification or product taxonomy is a type of economic taxonomy which organizes products for a variety of purposes. However, not only products can be referred to in a standardized way but also sales practices in form of the “ Incoterms ” and industries can be classified into categories.
A study from the retail federation looked at the estimated impacts of the tariffs on six consumer product categories: apparel, toys, furniture, household appliances, footwear and travel goods.
Use of the Nice Classification by national offices has the advantage that trademark applications are coordinated with reference to a single classification system. Filing is thereby greatly simplified, as the goods and services to which a given mark applies will be classified the same in all countries that have adopted the system.
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