Consumer Goods and Services Are Generally Classified into Four Specific

question 95

Essay

Consumer goods and services are generally classified into four specific categories. What are the four categories, and how do they differ? Illustrate by giving examples of products that are often included in each category.

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Definitions:

Square Feet

A measure of area equivalent to a square that is one foot on each side.

Irregularly-shaped

Describing an object or area that lacks a regular or uniform shape.

Random Points

Specific locations or values chosen without any particular pattern, order, or predictability.

Area

The amount of space inside a two-dimensional region, such as a floor; area is measured in square units; the living space in a property.