10 Facts About Final goods

Consumer durable Final goods usually have a significant lifespan, which tends to be at least one year, based on the guarantee or warranty period.

Consumer nondurable Final goods are purchased for immediate use or for use very soon.

Generally, the lifespan of nondurable Final goods is from a few minutes to up to three years: food, beverages, clothing, shoes and gasoline are examples.

Generally, convenience Final goods come in the category of nondurable Final goods such as fast foods, cigarettes and tobacco with low value.

Convenience Final goods are sold mostly by wholesalers or retailers to make them available to the consumers in Final goods or large volume.

Impulse convenience consumer Final goods do not belong to the priority list of the consumer.

Shopping consumer Final goods are the Final goods which take lot of time and proper planning before making purchase decision; in this case consumer does a lot of selection and comparison based on various parameters such as cost, brand, style, comfort etc.

Shopping Final goods are costlier than convenience Final goods and are durable in nature.

Specialty Final goods are unique in nature; these are unusual and luxurious items available in the market.

Specialty Final goods are mostly purchased by the upper classes of society as they are expensive in nature and difficult to afford for the middle and lower classes.