Question

different between impulse good and unsought goods in long answer​

Answer 1

Answer:

Consumer products are defined on a case-by-case basis, under guidelines defined by the US CPSA.

The production and sale of consumer products is an important component of US GDP and employment.

The Consumer Product Safety Act, enacted in 1972, established the United States Consumer Product Safety Commission (CPSC) as an independent agency of the United States Federal Government and defined its basic authority.

Key Terms

Consumer Product Safety Act: Act enacted by US Congress in 1972, establishing the Consumer Product Safety Commission as an independent agency of the US Federal Government.

durability: Permanence by virtue of the power to resist stress or force.

consumer product: Any tangible product used for personal, family, and household non-business purposes.