Small business answers — NOW!

consumer goods definition

Question
What is the definition of "consumer goods"? 
Answer
Consumer goods are products that are produced for consumption and use by human. There are three sub-categories of consumer goods:

- Durable consumer goods, which are used continuously or frequently for more than a year: cars, furniture and household appliances for example

- Semi-durable consumer goods, which are used more than once with a lifetime of about a year or so: shoes, clothing and household linens for example

- Non-durable goods, are typically consumables, used only once: food, beverages and gasoline for example

Sales of consumer goods are tracked by the government as one of a number of measures of the growth and financial health of an economy. 
Brain Trust contributor: Author of Instant Profits: Making Your Business Pay
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of AskJim.biz
Print this page   Bookmark this page   E-mail this page to a friend   Go back to previous page
AskJim ID: 3867