Asked by
Elora Capps
on Dec 15, 2024Verified
A durable good is
A) an item consumed in one or a few uses.
B) an item that usually lasts over many uses.
C) an item that lasts at least one year without becoming obsolete.
D) a product purchased only for the use of ultimate consumers.
E) a product used in the production of other products.
Durable Good
A type of goods that are not consumed all at once but rather used or consumed over a long period, such as appliances, furniture, and automobiles.
Obsolete
This term refers to products, services, or technologies that have become outdated and replaced by newer, more efficient alternatives.
Ultimate Consumers
The end-users who purchase products or services for personal use rather than for resale or manufacturing.
- Understand the features and marketing approaches relevant to durable and nondurable items.
Verified Answer
AC
Learning Objectives
- Understand the features and marketing approaches relevant to durable and nondurable items.