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12 Types of Consumer Good

 , updated on July 29, 2017
Consumer goods are tangible things that are sold to individuals as opposed to businesses. This includes products and assets that are enjoyed by people such as a swimming pool. It doesn't include services, although in a modern economy the distinction between products and services is often blurred. The following are common types of consumer goods.

Durable Goods

Products that last more than three years that can be used multiple times such as a camera.

Nondurable Goods

Things that last less than three years or that can only be used once such as an ice cream cone.

Private Goods

Things intended to be used by a limited number of people such as an apple that one person eats or a sofa that one family uses.

Club Goods

A resource that can be enjoyed by many people such as a theme park. Club goods have limited capacity and typically charge fees.

Public Goods

Resources that have great capacity relative to demand such that they can be enjoyed by all without constraint such as a beach. In many cases, public goods are free.

Convenience Goods

Products that people need to buy on a regular basis such that they tend to seek a convenience source. For example, bread that people buy from a neighborhood bakery.

Shopping Goods

Things that people tend to compare before buying such as fashion.

Specialty Goods

Things that people buy rarely and may put significant effort into researching and purchasing such as a wedding dress.

Unsought Goods

Products that have little demand for one reason or another. Innovative new products may be unsought goods until customers learn to appreciate them. For example, the microwave oven was an unsought good in the 1960s and 1970s until it finally took off in the 1980s.

Positional Goods

Goods that people value for their limited supply. This includes luxury products that limit supply by maintaining high prices. It also includes things that are inherently limited in supply such as gold. Positional goods are often used to display wealth as a form of social status.

Differentiated Goods

Products categories where customers see a difference in quality and value between different items. Most products fall into this category. For example, customers see a difference between low quality bicycle helmets and high quality helmets.

Commodity Goods

Commodities are product categories where customers see little difference between items and usually buy based on price. For example, corn is a commodity.
Overview: Consumer Goods
Type
Definition
Tangible products that are sold primarily to individuals as opposed to businesses.
Related Concepts

Products

This is the complete list of articles we have written about products.
Brown Goods
Business Goods
Capital Goods
Club Goods
Commodities
Common Goods
Common Resources
Complementary Goods
Consumer Discretionary
Consumer Durables
Consumer Goods
Consumer Products
Consumer Staples
Digital Goods
Durable Goods
Economic Goods
Experience Goods
Fashion Goods
Final Goods
Finished Goods
FMCG
Goods & Services
Inferior Good
Information Good
Intangible Goods
Intermediate Goods
Knowledge Product
Luxury Goods
Merit Good
Natural Resources
Necessity Goods
Perfect Substitute
Public Goods
Search Good
Social Goods
Soft Goods
Sporting Goods
Substitute Good
Superior Goods
Supplies
Unsought Goods
Veblen Goods
Virtual Goods
White Goods
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Products

The basic types of product.

Product-as-a-Service

An overview of Product-as-a-Service.

Convenience Product

The common types of convenience product.

FMCG

A few examples of what is meant by FMCG.

Unsought Product

An overview of unsought products.

Complementary Goods

A definition of complementary goods with several examples.

Veblen Goods

A rare exception to the laws of supply and demand, whereby more customers want to pay more.

Managed Services

The common types of managed service.

Product Experience

The common types of product experience.

Consumables

A definition of consumables with examples.

Business Models

A list of common business models.

Customer Convenience

Common types of customer convenience.

Latent Demand

The common types of latent demand.

Product Innovation

The basic types of product innovation.

Product Category

The common types of product category.

Make To Stock

The definition of make to stock with examples.

Micropayments

A definition of micropayments with examples.

Creative Industries

A list of creative industries.

Service Business

A definition of service business with examples.

Intangible Value

The definition of intangible value with examples.
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