Grex Consumer Conference Item 111

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Durable goods

Feb 22 02:53 UTC 2000

We just went to a lecture by someone who manufactures durable goods.  What
is considered a durable good nowadays?  Jim thinks it used to be something
that you bought once every 4 years or less and now it might be down to two
years.  What do you think?  And what nondurable goods do you buy other than
food and cleaning supplies?  How often do you replace your durable goods and
what are they?

4 responses total.

gracel

response 1 of 4:

Mar 25 15:00 UTC 2000

I usually don't replace anything that I don't have to.  Does "durable" include
*anything* not consumed by being used -- i.e. would it include clothing?
We also buy vitamins (which might count as food) and medicines.

kentn

response 2 of 4:

Mar 25 17:58 UTC 2000

Everything is consumed, eventually.  www.dismal.com gives this definition of
durable goods:
 
   Durable goods are industrial products with an expected life of
   one year or more. They include intermediate goods, such as steel,
   lumber and electronic components; finished industrial machinery and
   equipment; and finished consumer durable goods, such as furniture,
   autos and TVs.

keesan

response 3 of 4:

Mar 26 19:25 UTC 2000

I would keep the above at least 20 years.  Does this definition include
clothing?  Dishes?  Books?  Bedding?  What is an industrial product?

kentn

response 4 of 4:

Mar 28 03:26 UTC 2000

What difference does it make if clothes are considered durable goods
or industrial products? I suggest you go to the library and do some
research.

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