Results for tag: "Nondurable Good"

Nondurable goods are consumer goods and services that have a short lifespan and are used up quickly. Examples of nondurable goods include food, beverages, tobacco, clothing, and fuel. These goods are typically consumed within a short period of time and are not expected to last for more than three years. Nondurable goods are typically purchased more frequently than durable goods, such as furniture and appliances. This is because they are used up quickly and need to be replaced often. As a result, the nondurable goods market is highly competitive and companies must continually innovate to stay ahead of the competition. Some companies in the nondurable goods market include Coca-Cola, PepsiCo, Nestle, Unilever, Philip Morris International, and Procter & Gamble. These companies produce a wide range of products, from food and beverages to tobacco and clothing. They are all major players in the global consumer goods and services market. Show Less Read more