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Household Goods
Household goods are good (economics), goods and product (business), products used within households. They are the tangible property, tangible and movable personal property placed in the rooms of a house, such as a bed or refrigerator. Economic role Businesses that produce household goods are categorized as Procyclical, Cyclical Consumer Products by the Thomson Reuters Business Classification and are organized into three sub-categories: *Consumer electronics, Consumer Electronics, *Home appliance, Appliances, tools and housewares *Home Furnishings (such as furniture) Household goods are a significant part of a country's economy, with their purchase the topic of magazines such as ''Consumer Reports'', their relocation handled by Moving company, moving companies, and their disposal or redistribution facilitated by companies like Goodwill Industries, services like classified advertising and Craigslist, and events such as garage sales and car boot sales. Their safety is often regulate ...
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Good (economics)
In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying Product (business), product. A common distinction is made between goods which are transferable, and Service (economics), services, which are not transferable. A good is an "economic good" if it is useful to people but scarcity, scarce in relation to its demand so that human effort is required to obtain it.Samuelson, P. Anthony., Samuelson, W. (1980). Economics. 11th ed. / New York: McGraw-Hill. In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them. Private goods are things owned by people, such as Television, televisions, living room furniture, wallets, cellular telephones, almost anything owned or used on a daily basis that is not food-related. A consumer good or "final good" is any item that is ultimately consumed, rather than used in the production of another good. For example, ...
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Consumer Reports
Consumer Reports (CR), formerly Consumers Union (CU), is an American nonprofit consumer organization dedicated to independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy. Founded in 1936, CR was created to serve as a source of information that consumers could use to help assess the safety and performance of products. Since that time, CR has continued its testing and analysis of products and services, and attempted to advocate for the consumer in legislative and rule-making areas. Among the reforms in which CR played a role were the advent of seat belt laws, exposure of the dangers of cigarettes, and more recently, the enhancement of consumer finance protection and the increase of consumer access to quality health care. The organization has also expanded its reach to a suite of digital platforms. Consumer Reports Advocacy frequently supports left-wing environmental causes, including heightened regulations on auto ...
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Fast-moving Consumer Goods
Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG), are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, and other consumables. Fast moving consumer goods have a high inventory turnover and are contrasted with specialty items which have lower sales and higher carrying charges. Many retailers carry only FMCGs; particularly hypermarkets, big box stores and warehouse club stores. Small convenience stores also stock fast moving goods; the limited shelf space is filled with higher turnover items. Characteristics The following are the main characteristics of FMCGs: * From the consumer perspective ** Frequent purchases ** Low engagement (little or no effort to choose the item) ** Low prices ** Short shelf life ** Rapid consumption * From the marketer perspective ** High volumes ** Low contrib ...
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Homeart
Homeart was a national chain of retail stores with outlets in every state in Australia selling mostly homewares, giftware and electrical products. History The company's origins can be traced back to Melbourne's eastern suburbs and the iconic Croydon Stockyards (flea market) in 1970. On August 1st 1979, Mr and Mrs van Roest's first store to carry the name Copperart was opened on Canterbury Road, Blackburn, Victoria. This was followed soon after by another six stores. Initially the business sold copper and brassware from around the world, as well as Grandfather clocks and wall clocks. The name Copperart derives from the material the products were made from (Copper) and the name of the original founder Aart, 'Copper' and 'A(a)rt'. Copperart initially sold mostly copper and brass products, but the company expanded in the 1980s to include a broader range of homewares. 2001: rebranding By the year 2000, the product range in the Copperart stores had changed dramatically and bore litt ...
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Durable Good
In economics, a durable good or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility over time rather than being completely consumed in one use. Items like bricks could be considered perfectly durable goods because they should theoretically never wear out. Highly durable goods such as refrigerators or cars usually continue to be useful for several years of use, so durable goods are typically characterized by long periods between successive purchases. Durable goods are known to form an imperative part of economic production. This can be exemplified from the fact that personal expenditures on durables exceeded the total value of $800 billion in 2000. In the year 2000 itself, durable goods production composed of approximately 60 percent of aggregate production within the manufacturing sector in the United States. Examples of consumer durable goods include bicycles, books, household goods (home appliances, consumer e ...
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HM Revenue And Customs
HM Revenue and Customs (His Majesty's Revenue and Customs, or HMRC) is a non-ministerial government department, non-ministerial Departments of the United Kingdom Government, department of the His Majesty's Government, UK Government responsible for the tax collection, collection of Taxation in the United Kingdom, taxes, the payment of some forms of Welfare state in the United Kingdom, state support, the administration of other regulatory Regime#Politics, regimes including the national minimum wage and the issuance of national insurance numbers. HMRC was formed by the merger of the Inland Revenue and HM Customs and Excise, which took effect on 18 April 2005. The department's logo is the St Edward's Crown enclosed within a circle. Prior to the Elizabeth II, Queen's death on 8 September 2022, the department was known as ''Her'' Majesty's Revenue and Customs and has since been amended to reflect the change of monarch. Departmental responsibilities The department is responsible for the ...
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Government Of Hong Kong
The Government of the Hong Kong Special Administrative Region, commonly known as the Hong Kong Government or HKSAR Government, refers to the executive authorities of Hong Kong SAR. It was formed on 1 July 1997 in accordance with the Sino-British Joint Declaration of 1983, an international treaty lodged at the United Nations. This government replaced the former British Hong Kong Government (1842–1997). The Chief Executive and the principal officials, nominated by the chief executive, are appointed by the State Council of the People's Republic of China. The Government Secretariat is headed by the Chief Secretary of Hong Kong, who is the most senior principal official of the Government. The Chief Secretary and the other secretaries jointly oversee the administration of Hong Kong, give advice to the Chief Executive as members of the Executive Council, and are accountable for their actions and policies to the Chief Executive and the Legislative Council. Under the " one co ...
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Car Boot Sale
Car boot sales or boot fairs are a form of market in which private individuals come together to sell household and garden goods. They are popular in the United Kingdom, where they are often referred to simply as 'car boots'. Some scientific research has studied people's shopping habits at car boot sales. These groups of scientists see the rotation of surplus household stock as essential as it prevents waste and disposal costs, and also produces a small community where thriftiness and entrepreneurship flourish. The term "car boot sale" refers to the selling of items from a car's boot. Although a small proportion of sellers are professional traders selling goods, or indeed browsing for items to buy, most of the goods on sale are used personal possessions. Car boot sales are a way of attracting a large group of people in one place to recycle useful but unwanted domestic items that otherwise might have been thrown away. Car boot sales generally take place in the summer months. Ho ...
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Garage Sale
A garage sale (also known as a yard sale, tag sale, moving sale and by many other namesSome rarely used names include "attic sale," "basement sale," "rummage sale," "thrift sale," "patio sale," "lawn sale," and "jumble sale".) is an informal event for the sale of used goods by private individuals, in which sellers are not required to obtain business licenses or collect sales tax (though, in some jurisdictions, a permit may be required). Typically the goods in a garage sale are unwanted items from the household with its owners conducting the sale. The conditions of the goods vary, but they are typically usable. Some of these items are offered for sale because the owner does not want or need the item to minimize their possessions or to raise funds. Popular motivations for a garage sale are for " spring cleaning," moving or earning extra money. The seller's items are displayed to the passers-by or those responding to signs, flyers, classified ads or newspaper ads. In some cases, ...
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Craigslist
Craigslist (stylized as craigslist) is an American classified advertisements website with sections devoted to jobs, housing, for sale, items wanted, services, community service, Gig worker, gigs, résumés, and discussion forums. Craig Newmark began the service in 1995 as an email distribution list to friends, featuring local events in the San Francisco Bay Area. It became a web-based service in 1996 and expanded into other classified categories. It started expanding to other U.S. and Canadian cities in 2000, and now covers 70 countries. History Having observed people helping one another in friendly, social, and trusting communal ways on the Internet via the WELL, MindVox and Usenet, and feeling isolated as a relative newcomer to San Francisco, Craigslist founder Craig Newmark decided to create something similar for local events. In early 1995, he began an email distribution list to friends. Most of the early postings were submitted by Newmark and were notices of social event ...
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Classified Advertising
Classified advertising is a form of advertising, particularly common in newspapers, online and other periodicals, which may be sold or distributed free of charge. Classified advertisements are much cheaper than larger display advertisements used by businesses, although display advertising is more widespread. They were also commonly called "want" ads, starting in 1763, and are sometimes called small ads in Britain. Newspaper classifieds Advertisements in a newspaper are typically short, as they are charged for by the line or word, and are one newspaper column wide. Publications printing news or other information often have sections of classified advertisements; there are also publications that contain only advertisements. The advertisements are grouped into categories or ''classes'' such as "for sale—telephones", "wanted—kitchen appliances", and "services—plumbing", hence the term "classified". Classified ads generally fall into two types: individuals advertising sales o ...
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Goodwill Industries
Goodwill Industries International Inc., often shortened in speech and writing to Goodwill (stylized as goodwill), is an American nonprofit 501(c)(3) organization that provides job training, employment placement services, and other community-based programs for people who have barriers to their employment. Goodwill Industries also hires veterans and individuals who lack either education, job experience or face employment challenges. The nonprofit is funded by a network of 3,200+ retail thrift stores which operate as independent nonprofits as well. Goodwill Industries operates as a network of independent, community-based organizations in South Korea, Venezuela, Brazil, Mexico, Panama, Uruguay, the United States, Canada, and eight other countries, with 165 local Goodwill retail stores in the United States and Canada. It slowly expanded from its founding in 1902 and was first called Goodwill in 1915. In fiscal year 2018, Goodwill organizations generated a total of $6.1 billion in ...
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