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Examples of consumer durable goods include vehicles, books, household goods (home appliances, consumer electronics, furniture, musical instruments, tools, etc.), sports equipment, jewelry, medical equipment, and toys. Nondurable goods or soft goods (consumables) are the opposite of durable goods. They may be defined either as goods that are ...
Once a durable-good manufacturer sells a product to a consumer, it faces a challenge to convince this consumer to purchase another good. A consumer needs one refrigerator, one razor, a limited number of shirts, and so forth. Durability, therefore, may mean limited prospects for businesses.
Aftermarket in economic literature refers to a secondary market for the goods and services that are complementary or related to the primary market goods, also known as original equipment). [1] [2] [3] In many industries, the primary market consists of durable goods, whereas the aftermarket consists of consumable or non-durable products or ...
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New orders for manufactured durable goods, products expected to last for at least three years, fell $2.2 billion, or 1.1%, to $192 billion in May, the first decline in six months and the largest ...
Consumer goods Food products Makati: 1951 Food and drink P A Converge ICT Solutions: Telecommunications Fixed line telecommunications Pasig: 2009 Broadband, pay TV and IPTV P A Cosmetique Asia Corporation: Consumer goods Manufacturing Quezon City: 2001 Personal care, health care and food products P A Cotabato Light and Power Company: Utilities
Product durability is predicated by good repairability and regenerability in conjunction with maintenance. [3] Every durable product must be capable of adapting to technical, technological and design developments. [3] This must be accompanied by a willingness on the part of consumers to forgo having the "very latest" version of a product.
Durable goods manufacturing output rose at a 2.3% annualized rate, which was offset by a 2.4% pace of decline in nondurable manufacturing. Motor vehicle and parts output rose 0.3% last month after ...