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What is Consumer vs. Industrial Goods Explained about?

Consumer goods are goods meant for final consumption by consumers, such as bread, soap, and furniture. Industrial goods are not consumed directly by consumers but are used to produce consumer goods, such as lubricants, copper, and tools. Consumer goods have a large number of customers but lower purchase quantities, while industrial goods have fewer customers but higher purchase quantities. Demand for consumer goods is autonomous, while demand for industrial goods is derived from consumer goods production. T

Author

Ashmajit Mandal

Language

EN