Loans that require payments of principal and interest at regular intervals are called amortizing loans.
In an amortizing loan, the principal and interest are paid through a series of fixed, regular payments, which gradually reduces the outstanding principal balance over time. A loan that amortises is one in which the principal is repaid over the course of the loan in accordance with a schedule, often through equal payments. A bond that also repays a portion of the principal along with the coupon payments is known as an amortizing bond.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Samantha keeps $1,000 in her checking account. A friend has suggested that she move that money into a savings account which pays interest and that she apply for a debit card on that savings account so that she can spend money in her account directly with merchants without having to write a check. What's wrong with this idea
Answer:
Few banks will issue debit cards for savings accounts since the law limits the use of a debit card with merchants to 6 times per month.
in general, the optimal level of pollution to either prevent or to clean up occurs where the marginal benefit of preventing pollution (one word) the marginal cost of preventing pollution.
In general, the optimal level of pollution to either prevent or to clean up occurs where the marginal benefit of preventing pollution equals the marginal cost of preventing pollution.
What is pollution?Pollution simply means the contamination, destruction, or physical degradation of an environment, especially through the littering of waste products (garbage) by humans or an emission of hazardous chemical compound (substances) by various industries.
What is marginal cost?Marginal cost can be defined as the additional amount of money that is paid by a business firm for the production of an additional unit of a good (product) or service.
Generally speaking, an optimal level of pollution to either prevent or clean up a physical environment typically occurs at the point where the marginal benefit (MB) of preventing pollution is equal to or the same as the marginal cost (MC) of preventing pollution.
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Michael Jordan, retired NBA superstar, used his successes as an athlete to become a billionaire. What gains are entrepreneurs looking to make with each venture? A) Charitable Donations B) Increased Cash Flow C) Trial and Error D) None of these
In an area of Ghana, some young men paint their bodies with white stripes to resemble skeletons to symbolize the death of their child status. According to research, what purpose does such a ritual serve? A. To provide a sense of security B. To place the person in a gender category C. To enhance sex role identification D. To place the individual in the social organization E. To place the child in a gender category One example of a culture that dictates certain types of body decoration or mutilation is the Suya of South America who wear ear ornaments to emphasize the cultural importance of listening and obedience. According to researchers, this serves which purpose? A. To indicate high status or rank B. To enhance sex role identification C. To indicate desired social conduct D. To provide a sense of security E. To place the person in a gender category The traditional Asian practice of foot binding has been compared by some to the modern use of high-heeled shoes. Which purpose did this Asian practice serve? A. Providing a sense of security B. Placing the person in a gender category C. Indicating high status or rank D. Indicating desired social conduct E. Enhancing sex-role identification
It is important to note that cultural practices and their purposes can vary across different societies and contexts, and the examples provided reflect specific cultural traditions.
For the first question, the purpose of young men painting their bodies with white stripes in Ghana to resemble skeletons and symbolize the death of their child status serves option D: To place the individual in the social organization. This ritual marks a transition in their social status from childhood to adulthood, allowing them to be recognized and integrated into the social organization of their community.
For the second question, the purpose of the Suya of South America wearing ear ornaments to emphasize the cultural importance of listening and obedience serves option C: To indicate desired social conduct. This cultural practice communicates the value placed on attentiveness and compliance within their society.
Regarding the traditional Asian practice of foot binding, it served option B: Placing the person in a gender category. Foot binding was a practice primarily performed on young girls and women, aiming to alter the appearance and size of their feet to fit societal ideals of femininity. It served as a means to categorize and reinforce gender roles and expectations within the culture.
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Identify the correct statement about sales training.
A) Knowledge of selling is primarily developed through experience.
B) Most salespeople only go through about two weeks of sales training during their entire selling career.
C) Sales knowledge gained from sales training typically does not benefit the salesperson.
D) The only reason companies engage in sales training is to abide by federal government laws that require equity in positioning.
E) A salesperson has to undergo sales training only at the beginning of a sales career.
The correct statement about sales training is A) Knowledge of selling is primarily developed through experience.
This statement is generally true. While sales training programs can provide valuable knowledge and skills to salespeople, the practical application and refinement of selling techniques often occur through real-world experience. Salespeople learn and adapt their strategies based on interactions with customers, feedback, and the challenges they encounter in the field. Experience helps salespeople develop a deeper understanding of their products or services, customers' needs, and effective selling approaches. Sales training can complement and enhance this experiential learning process, but experience remains a critical component in developing sales knowledge and expertise.
Sales training programs can provide salespeople with foundational knowledge, sales techniques, product knowledge, communication skills, negotiation strategies, and other essential sales competencies. They can help salespeople understand the sales process, customer psychology, objection handling, and effective closing techniques. Sales training can also introduce salespeople to best practices, industry trends, and new technologies that can enhance their selling effectiveness.
However, it is important to note that sales training is not a one-time event limited to the beginning of a sales career. Successful salespeople continually invest in their development and participate in ongoing training and skill-building activities throughout their careers. Sales training programs may be conducted at regular intervals to refresh knowledge, introduce new concepts, or address specific sales challenges. Ongoing training and professional development contribute to the growth and success of salespeople and their organizations. In summary, while experience plays a vital role in developing sales knowledge, sales training programs are valuable resources that can enhance salespeople's skills, knowledge, and overall effectiveness throughout their careers.
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anderson oil often assigns employees to travel and work abroad on international projects. however, anderson oil leaders understand that travel is more difficult for employees with disabilities, so employees who require special accommodations for their jobs do not receive international travel assignments. is anderson oil engaging in workplace discrimination?
Considering the situation described above in the question, Anderson oil is engaging in workplace discrimination.
This is because this situation is often described as an example of disparate treatment, and it is considered intentional or unlawful discrimination.
Given that Anderson Oil deliberately treats employees with disabilities differently, it is considered disparate treatment, a form of discrimination.
Hence, in this case, it is concluded that the correct answer is Yes; Anderson Oil is engaging in work placement discrimination using a disparate treatment strategy.
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A company is considering several Customer Relationship Management (CRM) providers and wants to understand what customizations each platform can offer. What is a good indicator of a CRM software's customization capability?
Answer:
A Good indicator is Ability to Alter or change existing features in the CRM platform to suit the exact need of the company .
Explanation:
A Good indicator of a CRM software customization capability include;
Ability to Alter or change existing features in the CRM platform to suit the exact need of the company .
The presence of this customization in any CRM platform shows that the CRM platform is good i.e. This customization is an example of a good indicator in the CRM platform.
Which savings tool has the potential to earn the most interest?
Certificates of Deposit (CDs), Open a high-interest online savings account, these things has the potential to earn the most interest.
What is Certificates of Deposit (CDs)?
In return for keeping the money on deposit for a certain amount of time, top-paying certificates of deposit (CDs) provide interest rates that are greater than those offered by the best savings and money market accounts.Compared to stocks and bonds, CDs provide a smaller potential for growth but a non-volatile, fixed rate of return. They are also a safer and more conservative investment.Almost all banks, credit unions, and brokerage companies provide a selection of CD choices.Shopping around offers major benefits because the best CD rates that are nationally available are often three to five times higher than the industry average for every term.When you start a CD, you lock into a period of length, but there are ways to end it sooner if something urgent comes up or your plans alter.To learn more about Certificates of Deposit (CDs)
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Greater rates: CDs often provide higher interest rates than standard savings accounts or money market accounts. No ongoing charges: To retain your money in a CD, there are no monthly costs.
A money market account is often more liquid than a CD. In actuality, money markets do not have early withdrawal penalties, although many CDs do. Despite this, a CD frequently offers a higher interest rate because to its illiquidity. Traditional savings accounts often don't offer as much interest as CDs, and the annual percentage yield (APY) is fixed. It's wise to create a CD ladder in a rising-rate environment so that all of your money isn't tied up at a lesser rate when yields climb. A minimum deposit is often needed to open a CD account.
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the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%
It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).
What is Operating Leverage?The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Consequently, a percentage rise in profit might be anticipated:
sales percentage growth times the degree of operational leverage
= 10% * 4.5
= 45%
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Empathy involves _____.
feeling pity
active listening
feeling sorry
written communication
Answer:
active listening
Explanation:
Empathy involves making every effort to understand others FROM THEIR POINT OF VIEW. It means communicating an understanding of how THAT PERSON feels in a situation, NOT how YOU would feel in that situation.
Empathy is defined as “the feeling that you understand and share another person's experiences and emotions” or “the ability to share someone else's feelings”. Feeling sorry for a person automatically generates feelings of pity, which is not helpful in situations where people are in pain.
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At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.
To support the HR department, you have been asked to produce a factsheet, explaining the importance of the factors which need to be considered when planning, designing and delivering a training programme. In your factsheet: a) Explain with examples, why the methods chosen must be appropriate to the staff being trained at various levels in the organisation. b) Explain the importance & implications of factors that should be considered in: • Planning and designing a training programme • Delivering a training programme
Explanation:
a) The methods chosen for a team that is being trained at various levels of the organization consider the learning needs of the use of a new organizational system, whose objective is to make tasks more dynamic and flexible, therefore aiming to reduce uncertainty and resistance to changes by employees, it is suggested that the new system and its functionalities be presented to all employees who will use it, including a demonstration of the benefits that will be achieved, and the public that will use the system at different levels.
b) The training will include learning from the system with specialists and initial adaptive implementation, so that the change occurs less abruptly and does not impact the work in progress.
It is necessary for a training program to understand its audience, aligning the content and methodology that will be most effective according to the functional area of the company and the needs of the public, thus reducing ineffective and misaligned training costs, making implementation and easier and faster learning, fulfilling the training objectives.
assume one of the public schools is privatised. what are the advantages and disadvantages of privatising the school
Answer:
Advantages:-
1.Reduced political disturbances.
2.Proper facilities
3.The discipline in student is maintained .
4.Students can get proper guidance from teachers.
Disadvantages:-
1. Fee may be increased.
2.The services may lack which was given by government funds.
3.It may cause problem to poor students from poor family.
4.Public holidays is decreased.
You just got a job and plan to spend your earnings on clothes and entertainment. What kind of bank account would be best for you?
Checking Account is the kind of bank account would be best for you. Hence, option D is correct.
What is Checking Account?A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a check you receive, or set up direct deposit to get your paychecks.
Regular checking accounts, premium checking accounts, student checking accounts, senior checking accounts, interest-bearing accounts, business checking accounts, and rewards checking accounts are a few of the several types of checking accounts.
The ability to write checks from and access your bank account in a variety of other ways makes a checking account your default daily transaction bank account. You store money in a savings account that you aren't ready to use quite yet, frequently with the intention of building up more.
Thus, option D is correct.
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The options were missing-
A: Money Market Account
B: Savings Account
C: Certificate of Deposit (CD)
D: Checking Account
Which of the following best represents the options a company has when a product is declining? A) maintain or harvest the product
B) harvest or drop the product
C) maintain, harvest, or drop the product
D) maintain or pioneer the product
E) pioneer, harvest, or maintain the product
When a product is declining, the options that a company has include C) maintain, harvest, or drop the product.
What happens when a product is declining ?When a product disintegrates as a result of slowing down or experiencing negative growth, it enters the decline stage of its life cycle.
Because of the most recent technology developments, modifications in customer wants, and impending trends, competition becomes too intense and sales decline. The sales rate decreases until maintaining the project is no longer financially feasible for us.
Due to increased competition or declining consumer demand, brands will see a fall in sales during the decline stage. This period is challenging to get through; often, businesses will either sell their business, cease their product, or find new ways to improve their product in an effort to boost sales.
This means that the company would therefore have the options of either maintaining the product, harvesting it, or dropping it.
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Compare the two paragraphs. Which paragraph is more appropriate for a business letter? a. Hi! I will be near your house for work. Would you like me to stop by and take a look at how much I would charge you for our workpl would be able to be there in the afternoon today or tomorrow morning or Saturday. Dear Mrs Johnson. K and R Associates has been painting a house in your nelghborhood. It would be our pleasure to visit your home and provide you with an estimate for your house. Please call us at your convenience. Our phone number is 789-1234. A or B
Answer:
b
Explanation:
you know when it looks nice and has a phone number and it looks neat its right
Answer:
B.
Explanation:
It sounds better for me, and judging by the ratings on the guy who answered this question above, I assume he's incorrect. So, I guess it's a. Let me know if this is wrong, since I'm doing the assignment right now. But it doesn't matter anyway, once I finish it, I will come back to this question and let you know if it was either a or b.
Edit: nevermind, it was letter b. I put A and I got it wrong.
in addition to exporting and importing goods and services, other forms of exchange take place among nations. Provide at least two examples.
Answer:
1. money exchange
2. tourism / trade
Explanation:
Money exchange happens among nations,
tourism can happen within another country.
( Intro to Business: Chapter 3 )
An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answer:
the answer is planning, ensuring, and acting
In the situational supervision model the ____ supervision style involves high-directive-low-supportive behaviour and is appropriate when interacting with low capability employees.a) consultiveb)autocraticc) participatived) laissez-false
In the situational supervision model, the consultive style involves high-directive-high-supportive behavior and is appropriate when interacting with moderate-capability employees, option B.
Situational Leadership emerged as one of a group of related two-factor theories of leadership, many of which were the result of 1960s research at Ohio State University. These two-factor speculations hold that prospects in authority style are made out of mixes of two fundamental factors: task conduct and relationship conduct. These two ideas are referred to by a variety of names, such as considering or providing socioemotional support for relationship behavior and initiating structure or direction for task behavior. Reddin's 3D Theory and Blake and Mouton's Managerial Grid are two related models of leadership.
The fact that there is no one "best" style of leadership is the fundamental tenet of the situational leadership model. The most successful leaders adapt their leadership style to the performance readiness (ability and willingness) of the individual or group they are attempting to lead or influence. Effective leadership is task-relevant. In addition to the individual or group that is being influenced, the task, job, or function that needs to be completed also influences effective leadership.
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what do you consider to be covestros core contempencies
Covestro's core competencies can be considered as Innovation, Sustainability,Customer-centric approach, Global presence and Collaboration.
Let's understand them briefly
1. Innovation: Covestro is known for its innovative approach in developing high-quality materials and technologies. They consistently invest in research and development, which helps them create new solutions and products to meet the changing demands of various industries.2. Sustainability: Covestro places a strong emphasis on sustainability, focusing on resource efficiency and minimizing their environmental impact. 3.Customer-centric approach : Covestro works closely with their customers, understanding their needs and providing customized solutions.
4. Global presence: With a vast network of production sites, sales offices, and research facilities, Covestro has a strong global presence. This enables them to serve customers worldwide and adapt to the specific needs of local markets.
5. Collaboration: Covestro actively collaborates with partners, suppliers, and research institutions to enhance their knowledge and expertise. This collaborative approach helps them stay ahead of industry trends and develop innovative solutions to tackle the challenges faced by their customers.
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what is the current mainstream consensus when it comes to macroeconomic goals?
The operational definition of this is a level of output and that such unemployment is minimal and inflation is stable and steady. Both MMT and conventional macroeconomics agree that this aim should be a zero output gap.
What are macroeconomics' primary objectives?Summary. The term "macroeconomics" refers to the investigation of the overall economy. The main goals of macroeconomics are to maximize standard of living and achieve steady economic growth.
What is one of a country's economic system's four primary macroeconomic objectives?Price stability, wealth creation than outpaces birth rates, low resource unemployment, plus equitable income and wealth distribution are the four basic economic objectives. Each country will make an effort to use its government to achieve this economic objective.
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When you make a payment on a loan, part of the payment is interest and the other part is principal. True False
Answer:
I think the answer is true.
Mark receives $400 per week for salary as a sales associate. His quota is $2750 and his commission is 10%. This week, Mark sold $29,000 in merchandise, $1800 of which was returned. calculate his gross pay.
Answer:
$3,120
Explanation:
A sales quota is the minimum volume a salesperson is expected to move to earn commissions.
Mark's quota is $2750
In the week, mark sold $29,000, but $1,800 was returned. The net sales were: $29,000 - $ 1,800 = $27,200
Mark is a 10% commission. The commissions will be 10% of net sales
=10/100 x $27,200
=0.1 x $27,200
=$2,720
gross pay will be weekly earnings plus commissions
=$400 +$2,720
=$3,120
you have been asked to lead a group of your coworkers in developing a new process for handling performance reviews at your office. unfortunately, during your first meeting, you realize that everyone in the group is agreeing with each other — there is no debate happening, and no one is presenting different ideas. what can you do to solve this problem?
When faced with a lack of diverse perspectives and ideas in a group setting, it's important to take action to encourage healthy debate and discussion.
Here are a few strategies that could be effective in this scenario:
1.Set ground rules for the discussion: Start by setting some guidelines for the conversation to ensure that everyone has an opportunity to speak and be heard. Encourage open-mindedness, active listening, and constructive criticism.
2.Use a facilitation technique: Consider using a facilitation technique like brainstorming, where everyone is encouraged to generate ideas without criticism. Alternatively, you could try a devil's advocate approach, where someone is assigned to argue against each idea presented.
3.Encourage dissenting opinions: Specifically ask people for their opinions, even if they don't necessarily align with the current consensus. Encourage people to challenge each other respectfully and provide counterarguments.
4.Bring in outside perspectives: If the group is struggling to generate new ideas, consider bringing in outside experts or stakeholders who can provide a different perspective.
By implementing these strategies, you can help create an environment where everyone feels comfortable sharing their opinions and ideas, and where healthy debate and discussion can flourish.
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the academic achievement of students with hearing loss is:
The academic achievement of students with hearing loss varies based on individual factors, support, and accommodations, but with appropriate resources and interventions, they can achieve academic success.
The academic achievement of students with hearing loss can vary depending on various factors, such as the severity and onset of hearing loss, early intervention, access to appropriate accommodations and technologies, and individual support. With appropriate support and accommodations, many students with hearing loss can achieve academic success comparable to their peers without hearing loss.
Specialized educational services, such as speech therapy, sign language interpretation, assistive listening devices, and captioning services, can enhance communication and learning opportunities. Collaboration among educators, parents, and professionals in the field of deaf education is crucial to providing tailored support and fostering the academic development and success of students with hearing loss.
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the notification accompanying a check that indicates the specific invoice being paid is called a _____
The notification accompanying a check that indicates the specific invoice being paid is called a **remittance advice**.
Remittance advice is a document that accompanies a payment made by a customer or client, usually a check or electronic payment, which indicates the invoice number, date, and amount being paid. The remittance advice is typically sent to the supplier or vendor as proof of payment and to allow for easy and accurate application of the payment to the corresponding invoice. It may also include other information, such as customer or account numbers, to help identify the payment and ensure proper allocation.
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describe the process of career planning
Answer:
The career planning process involves taking the time to decide what your career goals are and how you'll get there. You might engage in this process on your own or with a guidance or career counselor. You can also start the career planning process at any point in your career.
Explanation:
Answer:
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Charters collected the date listed in the transactions below needed for adjusting entries on December 31, 2018 1) Using the General Journal tab, click Add Transaction to journalize each adjusting entry. Click Post Transaction once you complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger. 3) Click Submit Work when complete. Transactions: 12/31/2018 The company received its electric bill on December 31 for $375, but will not pay it until January 5. Griffin uses a separate Ubilities Payable account. 12/31/2018 Griffin purchased a three-month boat insurance policy on November 1 for $1,200. Griffin recorded a debit to Prepaid Insurance for the original purchase. 12/31/2018 As of December 31, Griffin has earned $3,000 of charter revenue that has not been recorded or received. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS December 1, 2018 December 31, 2018 COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION E Crec TASACTION DELETE CHOO TRANSACTIONS 388 & 3 E $ 4 R 5 T 6 Y 7 U . 00 8 9 O a .com/app/4/0d2755/0a9936a025/11a21800161660/problem/15,business/General Journal/view CHAPTER 3 HOMEWORK PREVIOUS 15 NEXT Problem 15: P3-34A Background: Assignment: Griffin Fishing Charters collected the deta listed in the transactions below 1) Using the General Journal tab, click Add Transaction to journalize needed for adjusting entries on December 31, 2018. each adjusting entry. Click Post Transaction once you complete the entry, then repeat these steps for each transaction 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Click Submit Work when complete. Transactions: 12/31/2018 As of December 31, Griffin has earned $3,000 of charter revenue that has not been recorded or received 12/31/2018 Griffin's fishing boat was purchased on January 1 at a cost of $33,500. Griffin expects to use the boat for 10 years and that it will have a residual value of $3,500. Record annual depreciation assuming the straight-line depreciation method is used 12/31/2018 On October 1, Griffin received a $9,000 prepayment for deep-sea fishing charter to take place in December As of December 31. Griffin has completed the charter SAVE WORK Raser RSS WORK BUSINESS REPORTS December 1, 2018 December 31, 2018 > COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal
Griffin Fishing Charters was asked to adjust the transactions listed above using the General Journal tab and then review the results of recording these transactions on the General Ledger. Finally, they were to submit their work when complete.
In this question, Griffin Fishing Charters collected data for adjusting entries on December 31, 2018. They were then instructed to use the General Journal tab, click Add Transaction to journalize each adjusting entry, click Post Transaction once they completed the entry, then repeat these steps for each transaction.
The instructions then told Griffin to click the Reports tab and review the results of recording these transactions on the General Ledger. Finally, they were to click Submit Work when complete.
The transactions that needed to be adjusted were the following:
12/31/2018 - The company received its electric bill on December 31 for $375, but will not pay it until January 5. Griffin uses a separate Ubilities Payable account.
12/31/2018 - Griffin purchased a three-month boat insurance policy on November 1 for $1,200. Griffin recorded a debit to Prepaid Insurance for the original purchase.
12/31/2018 - As of December 31, Griffin has earned $3,000 of charter revenue that has not been recorded or received.
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1. What are the three basic categories of consumer goods? Briefly explain each and clearly
differentiate among them
There are three main types of consumer goods: durable goods, nondurable goods, and services.
Durable goods are consumer goods that have a long-life span (e.g. 3+ years) and are used over time. Examples include bicycles and refrigerators. Nondurable goods are consumed in less than three years and have short lifespans. Examples of nondurable goods include food and drinks. Services include auto repairs and haircuts.
Consumer goods are also called finals good, or end product, because they are the ultimate output of a productive process that occurs over time.