Consumeable Product

A Consumeable Product is a economic good that may be destroyed, dissipated, wasted, or spent....

• Example(s):
  • a Printer Cartridge.
  • a Fast-Moving Consumer Good such as cosmetics and cleaning products, food, condiments, fuel, beer, cigarettes and tobacco, medication, office supplies, packaging and containers, paper and paper products, personal products, rubber, plastics, textiles, clothing, and footwear.
  • Gift Cards;
• Counter-Example(s):
  • Durable Good, such as a laser printer.
• See: Disposable Product.

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References

2019

• (Wikipedia, 2019) ⇒ https://en.wikipedia.org/wiki/Consumables Retrieved:2019-1-25.
  • Consumables (also known as consumable goods, non-durable goods, or soft goods) are goods that are intended to be consumed. John Locke specifies these as "consumable commodities". People have, for example, always consumed food and water. Consumables are in contrast to durable goods. Disposable products are a particular, extreme case of consumables, because their end-of-life is reached after a single use. Consumables are products that consumers use recurrently, i.e., items which "get used up" or discarded. For example consumable office supplies are such products as paper, pens, file folders, Post-it notes, and toner or ink cartridges. This is in contrast to capital goods or durable goods in the office, such as computers, fax machines, and other business machines or office furniture. Sometimes a company sells a durable good at an attractively low price in the hopes that the consumer will then buy the consumables that go with it at a price providing a higher margin. Printers and ink cartridges are an example, as are razors and blades, which gave this business model its usual name (the razor and blades model). For arc welding one uses a consumable electrode. This is an electrode that conducts electricity to the arc but also melts into the weld as a filler metal. Consumable goods are often excluded from warranty policies, as it is considered that covering them would excessively increase the cost of the premium.

2018

• (Wikipedia, 2018) ⇒ https://en.wikipedia.org/wiki/durable_good Retrieved:2018-1-24.
  • Nondurable goods or soft goods (consumables) are the opposite of durable goods. They may be defined either as goods that are immediately consumed in one use or ones that have a lifespan of less than three years.

    Examples of nondurable goods include fast-moving consumer goods such as cosmetics and cleaning products, food, condiments, fuel, beer, cigarettes and tobacco, medication, office supplies, packaging and containers, paper and paper products, personal products, rubber, plastics, textiles, clothing, and footwear.

    While durable goods can usually be rented as well as bought, nondurable goods generally are not rented. While buying durable goods comes under the category of investment demand of goods, buying non-durables comes under the category of consumption demand of goods.

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