Question : ______ goods are goods that cannot be consumed more than once, such as milk.
Option 1: Durable consumer goods
Option 2: Inferior goods
Option 3: Non-durable consumer goods
Option 4: Producer’s goods
Correct Answer: Non-durable consumer goods
Solution : The lifespan of consumer non-durable items, which are bought for immediate or nearly immediate consumption, ranges from minutes to three years. These frequently include things like meals, drinks, clothes, shoes, and gasoline. Hence option c is the correct answer.
Question : ______ commodities are those that can be consumed more than once over a period of time.
Question : Bread, Milk, Readymade clothes, T.V., etc. are examples of _______ goods
Question : Plant and machinery are
Question : It refers to those industries which can produce machine tools and used for producing articles for current consumption.
Question : The products that directly satisfy human demands are referred to as:
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