While consumer demand for consumer packaged goods (sometimes known as CPGs) largely remains constant, it is still a highly competitive sector. This is primarily due to high market saturation and low consumerswitching costs, where consumers can easily and cheaply switch their brand loyalties depending ...
Read the full-text online article and more details about "What's a Durable Good?" - THE JOURNAL RECORD, April 24, 1992U.S. NewspapersTHE JOURNAL RECORD
Investors, business owners, and economists closely monitor expenditures and new orders for consumer durables as a sign of sustainableeconomic growth. Durable goods consumption leadsgross domestic product (GDP)over the business cycle. So, if durable goods is above its consumption trend, then the GDP ...
Household furniture, such as a dining room table set, is one type of durable good. Durableconsumer goodsare manufactured by a number of companies that aim to produce products that deliver utility and service over time. They usually come with warranties that are designed to act as guarantees for...
Learn what green packaging is & how using the most sustainable packaging materials helps both the environment & your business. Read more here!
Therefore, innovation is a continuous process which brings improvement. However, it also leads to customer base expansion and satisfaction. The fast-moving consumer goods industry also have the responsibility of maintaining a balance in the environment through use of ecofriendly and biodegradable ...
Somos founder and consumer packaged goods (CPG) veteran Miguel Leal is a pro at spotting shifts in the market. One prominent trend he saw in recent years was the rise of authentic Mexican food that reminded him of the food he ate as a kid. But that was only in restaurants. Grocery stor...
Some say the fact that private labels are perceived to be less expensive and more cost effective is a contributing factor to their growth in sales. Crispety- Wow I didn't know that. I'd even say that there are lots of market research companies that use consumer good software to help cli...
Social listening, or social media listening, is the process of monitoring and analyzing social media chatter that is relevant to your business.
Durable vs. Nondurable Some rival goods can be reused by another consumer at a later stage. For example, a durable good such as a skateboard might be sold after the current owner is finished with it. A non-durable good, such as a cup of coffee or an apple, does not fall into this ...