Concept: Based on durability, products are classified as:
• Durable Goods: Tangible goods that normally survive many uses and last for a long time (e.g., Fridge, TV).
• Non-durable Goods (FMCG): Goods consumed in one or a few uses (e.g., Food items, Soap).
Evaluating product lifespan.
Chocolates, toothpaste, and stationery are consumed quickly. A Television is designed for long-term use over several years, making it a durable product.