Search results
Results from the WOW.Com Content Network
Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG) [1] or convenience goods, are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, and other consumables. [2] [3 ...
economic data suggest that much of the rise in obesity can be attributed to an increase in caloric intake, as opposed to a change in energy expenditure (David M. Cutler et al. 2003). Consequently, government policy has often attempted to reduce obesity by influencing
Convenient procedures, products and services are those intended to increase ease in accessibility, save resources (such as time, effort [1] and energy) and decrease frustration. A modern convenience is a labor-saving device, service or substance which make a task easier or more efficient than a traditional method. Convenience is a relative ...
In retail economics and geography, comparison goods are products which are usually higher value [1] and purchased infrequently, such as vehicles, household goods or clothing. [ 1 ] [ 2 ] Consumers tend to compare products before purchasing them to maximise value and quality.
Convenience food is commercially prepared for ease of consumption. [2] Products designated as convenience food are often sold as hot, ready-to-eat dishes; as room-temperature, shelf-stable products; or as refrigerated or frozen food products that require minimal preparation (typically just heating). [3]
In economics, inferior goods are those goods the demand for which falls with increase in income of the consumer. So, there is an inverse relationship between income of the consumer and the demand for inferior goods. [1] There are many examples of inferior goods, including cheap cars, public transit options, payday lending, and
One 1992 study stated that 26% of American supermarket retailers pursued some form of EDLP, meaning that the other 74% promoted high-low pricing strategies. [2]A 1994 study of an 86-store supermarket grocery chain in the United States concluded that a 10% EDLP price decrease in a category increased sales volume by 3%, while a 10% high-low price increase led to a 3% sales decrease.
Instant foods are convenience foods which require minimal preparation, typically just adding water or milk. [1] Some authors define "instant" food as requiring less than five minutes of preparation and "ultra-instant food" as requiring less than one minute. [2] Instant foods are often dehydrated, freeze-dried, or condensed. [3] [4]