Learn how to identify consumer products and make informed decisions as an entrepreneur or product manager.
For example, the consumer durables in India has grown exponentially because of the availability of credit. Since most durable goods are meant to last a long time they are often more expensive. Credit is really the key to building sales in the consumer durables sector. That is exactly what hap...
Theoretically, consumer non-durables are defined as the products which has expected life-span of less than 3 years. These products may be used at once or in a shorter life span. A good explanation to understand the concept of consumer non-durables is to compare it with consumer durable goods...
Consumer: A consumer alludes to the person who uses a good or service after being bought. Consumers are individuals or groups of buyers who buy products and services for their use only, rather than reselling or other business purposes.
The terms "products" and "goods" are often used interchangeably, but they have distinct meanings and uses. Goodsrefer to tangible, physical items that are manufactured and sold for consumption, such as clothing, furniture, and electronics. Goods can be classified as durable (e.g., bicycles, ...
Sunny27- That's really interesting. You know consumer goods trends are showing the growth in private labels. These were formally known as generic brands. Among the specialty supermarkets like whole foods and Trader Joe's is most explosive. ...
In contrast to durable goods, there are nondurable consumer products that have a lifespan of fewer than three years. Customers frequently purchase and use nondurable products in everyday life and can be for immediate use. Regardless of the economic strength, consumers continue to purchase nondurable...
Consumer durables, also known as durable goods, are products that last for three years or more. They include mobile homes, large and small appliances, furniture and furnishings, carpets and rugs, automobiles, rubber tires, lead-acid automotive batteries, boats, consumer electronics, luggage, sportin...
Consumer packaged goods, or CPGs, are goods used daily by average consumers. They are used quickly and therefore must be repurchased quickly. Examples are food, beverages, personal care items, and cleaning supplies. They are different from durable goods, such as computers or washing machines, wh...
2005): "Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks," Mimeo Popular wisdom holds that publishers revise college textbooks mainly to kill off the secondary market for used books. While this behavior might be profitable if consumers are myopic, uninformed or have high...