Differences between Consumer and Industrial Goods

A good is something which is tangible or which can be seen which is different from service which cannot be seen. Goods can be classified as either consumer goods or Industrial Goods. Given below are some of the differences between consumer and industrial goods –

  1. The consumer goods are those which are meant for final consumption by the consumer, or in simple words they are used by the consumers directly while industrial goods are those which are not used by the consumers directly but these goods are used for the production of consumer goods.
  2. Bread, Soap, furniture are some of the examples of consumer goods, while lubricants, copper, timber, tools etc…are some examples of industrial goods.
  3. While the number of customers for consumer goods is very large but the quantity purchased by them is less whereas the number of customers for industrial goods is less but they purchase the quantities in bulk.
  4. The demand for consumer goods is autonomous demand as these goods are demanded for ultimate consumption while the demand for industrial goods is derived demand as these industrial goods are used for the production of consumer goods.
  5. While the market in which the companies can sell consumer goods is large because of large number of customers whereas in case of Industrial goods the market is small because of less number of buyers of such goods.
1 comment… add one
  • Victor

    Thanks form the comprehensive differenciation of consumer goods from industrial goods

Leave a Comment


Related pages


horizontal merger meaningfeatures of capitalist economyano ang mixed economycrr full formexamples of law of diminishing returnsadvantages and disadvantages of international marketinga trial balance is prepared todeflation refers to a situation wherecagr meaningadvantages of monopolisticfullform of micrlaw of diminshing marginal utilitydrawbacks of ratio analysispricing strategies advantages and disadvantagesadvantages and disadvantages of globalization in international businesswhat are the differences between revenue expenditures and capital expenditureswhat is debit note with examplewhat are complementary goodsdisadvantages of venture capital financingfdi disadvantagesipo fullformprepaid expenses journal entriesdefine subventionurbanisation wikinormal good inferior goodvostrospersonal real nominal accounts rulesstock market advantages and disadvantagesdisadvantages of international joint venturesprofitability ratios listpros and cons of traditional economymarginal costing in accountingautocratic leadership businessadvantages of planned economydifference between accounts receivable and accounts payabledisadvantages of monopolythe disadvantages of socialismwhat is indirect quotationwhat is endorseeunearned revenue on balance sheetdefine consigneeautocratic coaching stylewhat is cash inflowsdefine unitary elastic demandexample of a conglomeratejob and process costingexamples of vertical mergeradvantages and disadvantages of a bank loanunearned service revenue still unearned journal entryfree market economy advantages and disadvantageshorizontal merger examplestraditional economics definitiondemerits of dictatorshipbenefits of penetration pricingeconomic value added advantages and disadvantagesconcept of diminishing marginal utilityunearned revenue journal entriesrepo rate full formadvantages and disadvantages of capital asset pricing modelexamples of monopolistic competition productsprocess costing disadvantagesadvantages of dupont analysismixed economy tagalogexamples of conglomerate merger companiesb2b disadvantageszero based budgeting advantagesmeaning of demonetizationprepaid insurance journal entry exampleadvantages and disadvantages of lifo and fifoamortization expense journal entryadvantages and disadvantages of privatization pdfautocratic leadershipadvantages and disadvantages of ordinary shareswhat are the advantages and disadvantages of specializationunearn revenuefloating exchange rates