ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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goods bought by people which involve fast movement
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goods that sell very quickly in small amounts
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goods that sell very quickly in large amounts
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goods that are transported quickly in large amounts
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Detailed explanation-1: -Fast-moving consumer goods are products that sell quickly at relatively low cost. These goods are also called consumer packaged goods. FMCGs have a short shelf life because of high consumer demand (e.g., soft drinks and confections) or because they are perishable (e.g., meat, dairy products, and baked goods).
Detailed explanation-2: -Fast-Moving Consumer Goods (FMCG) can be defined as packaged goods that are consumed or sold at regular and small intervals. Household and personal care products accounts for 50% of the sales in the FMCG industry, healthcare accounts for 31-32% and food and beverage accounts for the remaining 18-19%.
Detailed explanation-3: -FMCG, or Fast-moving Consumer Goods, refers to products that you can sell quickly at relatively low cost. They are considered moving because retailers need to restock the shelves regularly due to high turnover rate. This is either because they are perishable or the demand is generally high.
Detailed explanation-4: -What’s the FMCG industry? Fast-moving consumer goods are products with a short shelf life. These items, also known as consumer packaged goods (CPG), are characterized by low durability and fast turnover due to high customer demand.
Detailed explanation-5: -FMCG – Fast Moving consumer goods. SMCG-‐ Slow moving consumer giants.