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Perishable goods are items that have a limited shelf life and can spoil or degrade quickly, such as food products and certain pharmaceuticals. In contrast, durable goods are items designed for long-term use, typically lasting three years or more, like appliances, vehicles, and furniture. The key difference lies in their longevity and the frequency of consumer repurchase; perishable goods need to be replaced more often due to their short lifespan.
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What is the difference between perishable and durable goods?
perishable products are inelastic products as they have less substitutes as compared to durable products which have more substiutes
How does nature of a commodity influence its Price Elasticity of demand?
Depends on what type of good like perishable or non perishable, durable and non durable.
What is the difference between durable goods and non-durable goods?
the difffence of a non durable good and a durable good is nothing they are different names
Is an example of a durable good?
Non durable goods means perishable goods like tomatoes...etc
What is perishable and durable goods in economics?
In economics, perishable goods are items that have a limited shelf life and can spoil or become unusable over time, such as food products and flowers. Durable goods, on the other hand, are items that have a longer lifespan and can be used repeatedly over time, like appliances, vehicles, and furniture. The distinction is important for understanding consumer behavior, production cycles, and inventory management. Perishable goods often require faster turnover, while durable goods may involve longer-term investment decisions.
What is the difference between perishable and durable goods?
perishable products are inelastic products as they have less substitutes as compared to durable products which have more substiutes
Difference between production and manufacturing?
difference between production company and manufacturing company
How does nature of a commodity influence its Price Elasticity of demand?
Depends on what type of good like perishable or non perishable, durable and non durable.
What is the difference between durable goods and non-durable goods?
the difffence of a non durable good and a durable good is nothing they are different names
Is copra perishable or durable?
Copra is the fibrous outer husk of the coconut and has many uses including durable floor matting and ropes.
Is an example of a durable good?
Non durable goods means perishable goods like tomatoes...etc
What is the difference between joggers and sweatpants?
Joggers are more durable
What is the definition of semi-Durable goods?
Goods that are neither perishable nor lasting, such as clothing or furniture
What is nondurable goods?
Non durable goods means perishable goods like tomatoes...etc
What is the meaning ofdurable?
Able to endure or continue in a particular condition; lasting; not perishable or changeable; not wearing out or decaying soon; enduring; as, durable cloth; durable happiness.
What is the difference between a bag and a sack?
A bag is usually more durable than a sack
What are the factors to be consider while selecting an appropriate channel of distribution?
cost nature of the product if its perishable or durable distance
