GENERAL KNOWLEDGE

Detailed explanation-1: -Consumer goods are products bought for consumption by the average consumer. Also called final goods, consumer goods are the end result of production and manufacturing. Clothing, food products, and dishwashers are examples of common consumer goods.

Detailed explanation-2: -Consumer products, also referred to as final goods, are products that are bought by individuals or households for personal use. In other words, consumer products are goods that are bought for consumption by the average consumer.

Detailed explanation-3: -Consumer goods are divided into three categories: durable goods, nondurable goods, and services. Consumer durable goods have a significant life span, often three years or more (although some authorities classify goods with life spans of as little as one year as durable).

Detailed explanation-4: -Convenience goods. Shopping goods. Unsought goods. Specialty goods.

Detailed explanation-5: -Durable consumer goods: A durable good is a product with a lifespan of more than three years that a customer can use repeatedly. Nondurable consumer goods: Unlike a durable consumer good, a nondurable good will not last more than three years. More items •12-Oct-2022