consumable

(adjective)

A good that is consumed or depleted upon use.

Related Terms

  • durable goods
  • outlet

Examples of consumable in the following topics:

  • Consumer Interest Groups

    • Consumer Interest Groups focus on the issues and interests of consumers .
    • Consumer Interest Groups can be considered public-interest groups since their work benefits consumers rather than providing exclusive economic benefits to a closed set of members.
    • In these ways Consumer Interest Groups protect and represent consumers.
    • Two examples of consumer groups concerned with a broad range of consumer goods are the Better Business Bureau (BBB) and the Consumer Union, who publishes the Consumer Reports.
    • Consumer Interest Groups can also be single-issue interests groups.
  • Alternative Arrangements

    • Business-to-government, consumer-to-consumer, and institutional markets are additional types of marketing channels.
    • These include business-to-government, consumer-to-consumer, and institutional markets.
    • Consumer-to-consumer commerce is the completion of transactions between private individuals or consumers.
    • Craigslist and eBay usually involve consumer-to-consumer transactions.
    • There are also older forms of consumer-to-consumer transactions, such as classified ads and garage sales .
  • Consumer Behavior and Advertising

  • The Demand Curve and Consumer Surplus

    • Consumer surplus is the difference between the maximum price a consumer is willing to pay and the actual price they do pay.
    • Consumer surplus is the difference between the maximum price a consumer is willing to pay and the actual price they do pay.
    • Consumer surplus plus producer surplus equals the total economic surplus in the market.
    • Generally, the lower the price, the greater the consumer surplus.
    • Consumer surplus, as shown highlighted in red, represents the benefit consumers get for purchasing goods at a price lower than the maximum they are willing to pay.
  • Defining Consumers

    • A consumer is a person (or group) who pays to consume the goods and/or services produced by a seller (i.e., company, organization).
    • It is important to note that consumers (or customers) play a vital role in the economic system of a nation.
    • In the fields of economics, marketing and advertising, a consumer is generally defined as the one who pays to consume the goods and services produced by a seller (i.e., company, organization).
    • It is important to note that consumers (or customers) play a vital role in the economic system of a nation .
    • Example of an open food market in Vienna, showing how consumers play an important role in a nation's economy.
  • Consumer Perception of Communication

    • Analyzing how consumers access marketing messages can help brands discover consumers' preferences for how to receive information.
    • Failure to follow consumers' changing media preferences can be expensive.
    • Consumers use a variety of sources, including:
    • Marketing messages must use the right timing and context to be effective for consumers.
    • Explain why managing consumer perception is integral to successful marketing communications
  • Goals of Consumer Market Research

    • If the consumer market research demonstrates that consumers do in fact have an unsatisfied need for a cheese that could replace the product they are currently consuming in Latin America, the company could go ahead and develop the cheese product.
    • It is also important to note that consumer market research is not directly synonymous with marketing research.
    • The ultimate goal of consumer research is to serve as the voice of the consumer.
    • Identify which consumer needs are important and whether the needs are being met by current products
    • If the consumer market research demonstrates that consumers do in fact have an unsatisfied need for a cheese that could replace the product they are currently consuming in Latin America, the company could go ahead and develop the cheese product.
  • Basic Consumer Rights

    • Basic consumer rights ensure a level of protection for consumers owed by a supplier of goods or services.
    • In the FDA's case, drugs and foods are regulated to ensure consumer safety.
    • Kennedy presented a speech to the United States Congress in which he extolled four basic consumer rights -- later called, The Consumer Bill of Rights .
    • That's where consumer protection comes in.
    • Kennedy extolled four basic consumer rights, later called the "Consumer Bill of Rights. "
  • Impacts of Price Changes on Consumer Surplus

    • Consumer surplus is defined, in part, by the price of the product.
    • Assuming that there is no shift in demand, an increase in price will therefore lead to a reduction in consumer surplus, while a decrease in price will lead to an increase in consumer surplus.
    • So any increase in consumer surplus due to the decrease in price may be offset by the fact that consumers that want the good cannot purchase it.
    • Necessarily, this reflects a drop in consumer surplus.
    • An increase in the price will reduce consumer surplus, while a decrease in the price will increase consumer surplus.
  • Consumer Misbehavior

    • Consumer misbehavior refers to the common occurrence of consumers acting outside the norm.
    • Consumer misbehavior refers to the common occurrence of consumers acting outside the norm.
    • Combating consumer misbehavior is an expensive, time-consuming activity.
    • Although a very common crime, it is still considered consumer misbehavior.
    • Give examples of common types of consumer misbehavior and common retailer tactics for addressing consumer misbehavior issues.
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