Search results
Results from the WOW.Com Content Network
Consumables (also known as consumable goods, non-durable goods, or soft goods) are goods that are intended to be consumed. People have, for example, always consumed food and water. Consumables are in contrast to durable goods. Disposable products are a particular, extreme case of consumables, because their end-of-life is reached after a single use.
A car is a durable good. The gasoline that powers it is a non-durable (or consumable) good. Examples of consumer durable goods include housing, vehicles, books, household goods (home appliances, consumer electronics, furniture, musical instruments, tools, etc.), sports equipment, jewelry, medical equipment, and toys.
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 ...
A key component of core retail spending, durable goods are also used in the Consumer Price Index (CPI). The CPI is an important indicator that tells economists about the rate of inflation, as well ...
As the name implies, durable goods refer to merchandise that's built to last. You know that old lawn mower that amazes you every time it starts? Or that dryer you can't believe is still kicking? Or...
Durable goods; Nondurable goods; Services; Consumer durable goods usually have a significant lifespan, which tends to be at least one year, based on the guarantee or warranty period. The maximum life depends upon the durability of the product or goods. Examples include tools, cars, and boats.
For example: A new smartphone with exclusive features is an unsought good until the consumer hears about it. Once the smartphone is widely known among customers, it becomes a sought good. A classic example here is the Apple iPhone. Consumers are unaware that they want it unless told about it. Another example to note would be life insurance.
As the name implies, durable goods refer to merchandise that's built to last. You know that old lawn mower that amazes you every time it starts? Or that dryer you can't believe is still kicking? Or...