Consumer goods are those goods –
(a) Which help in further production
(b) Which satisfy the human wants directly
(c) None of these
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which satisfy the human wants directly......
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"Consumer goods" are those goods that are satisfy the wants of human directly.
Explanation:
- ‘Consumer goods’ are the products purchased by the “average consumer” for consumption.
- These goods are referred to as final goods, these are the end product of production and manufacture and will be seen by a consumer on the shop shelf.
- Automobiles, furnishings, “household appliances and mobile homes” are common examples of ‘consumer durable goods’.
- Consumer non-durable products are bought for instant or near-immediate consumption and have a life span of three years.
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