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What are Consumer Products? Definition & Examples of Consumer Goods | Speak Like Shaf - YouTube
Channel: Shaf Rasul
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do you ever feel like you are pretending
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to know business and economic terms mean
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can you tell the difference between
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distribution and disruption do you think
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we know about liquidity and liabilities
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well I'm here to help we all begin
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somewhere and my CDs speak line chef's
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on my youtube channel
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which is totally free to watch will
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explain all those tricky terms today we
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are going to look at consumer products
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also known as consumer goods the Collins
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English dictionary defines consumer
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goods as goods that satisfy personal
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needs rather than those required for the
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production of other goods or services in
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other words as the everyday things we
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buy for ourselves our families or our
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households they aren't goods bought my
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businesses they are also sometimes
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called final goods because they will be
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changed into something else and they've
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reached their final destination when we
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buy them subscribers to my youtube
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channel will already be familiar with
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Rob the rockstar if you are tuning in
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for the first time welcome and let me
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introduce you to rob he was a storage
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business man the world's first
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entrepreneur Rob was blessed with the
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brains for business but unfortunately he
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was a pretty hopeless hunter
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he started making tools for the beta
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hunters and his village and before more
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he'd built up a successful company he
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took all employees and proved not only
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his life and the hunters lives but he
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also improved his employees lives as a
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result of Rob's late old woman failures
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had more time for leisure and didn't
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have to hunt all the time as his tools
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had made their job much easier
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penny pebble what for Rob
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she was conscientious talented and
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trustworthy and boy did she like to
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spend her wages after Rob set up s
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company others forward and has footsteps
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penny liked spending her money on little
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things for herself what we would now
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call consumer goods handmade salt was a
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luxury but she could afford that with
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harpy she discovered a lot of her
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fashion and bought all sorts of wild
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elfis Rob's products the Spears bows and
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arrows he made to sell one consumer
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goods as they were a business
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transaction
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but Penny's purchases were a clear
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example of the first consumer goods
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nowadays we are surrounded by consumer
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goods imagine a supermarket think of the
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rules and rules of shelves stocked high
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with products the arrow consumer goods
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the courts you wear to work consumer
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goods were cleaned and a washing machine
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with detergent consumer goods the car
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you jumped in to take you to the office
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another example of consumer goods we are
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lucky compared to rob and penny we have
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everything at our fingertips but can we
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carry on like less consumers are
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becoming wiser to the damage
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mass production and single-use goods can
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do to the planet and increasingly making
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more environmentally-friendly choices
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what we consume can have a lasting
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impact
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I hope speak like shaft has a lasting
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impact on you and helps you as you start
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your business journey don't forget to
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hit the subscribe button and
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notification bell my youtube channel is
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full of advice help and hacks and the
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best bet is it will cost you a penny
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the only penny I'm interested then is
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penny pebble and our storage house check
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out next week's speak like shaft for
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more tips
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[Music]
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you
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