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A car is a durable good. The gasoline that powers it is a non-durable (or consumable) good.. In economics, a durable good or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility over time rather than being completely consumed in one use.
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 ...
Consumer electronics stores may be "brick and mortar" physical retail stores, online stores, or combinations of both. Annual consumer electronics sales are expected to reach $2.9 trillion by 2020. [8] It is part of the wider electronics industry. In turn, the driving force behind the electronics industry is the semiconductor industry. [9] [10]
The consumer electronics industry is the very embodiment of these aspects of supply chain management and related risks. While some of the supply and demand related risks are similar to such industries as the toy industry, the consumer electronics industry faces additional risks due to its vertically integrated supply chains. [24]
Every durable product must be capable of adapting to technical, technological and design developments. [3] This must be accompanied by a willingness on the part of consumers to forgo having the "very latest" version of a product.
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 .
The Bass model was developed for consumer durables. However, it has been used also to forecast market acceptance of numerous consumer and industrial products and services, including tangible, non-tangible, medical, [15] [16] and financial [17] products.
The corner-cutting is partly a tradeoff on price — a bet that the fashion industry has placed on inflation-weary shoppers’ willingness to accept lower-quality garments that don’t break the bank.