Fast-moving consumer goods are products that are relatively inexpensive and tend to sell quickly. Some examples include soft drinks, alcoholic beverages, candy bars and chewing gum.Know More
FMCGs generally do not make the manufacturer or retailer much of a profit individually but can generate a good profit on total sales because the product sells quickly and in great quantity. Some businesses, such as convenience stores, base their sales model almost entirely on the sale of FMCGs.
FMCGs are usually consumables or nondurable goods. They are typically items that consumers purchase frequently, expend little effort or research before purchasing, and pay a small amount of their disposable income to acquire. Qualities of FMCGs from a marketer's perspective are low contribution margins, high volume, high turnover of stock and extensive distribution networks.
Some other examples of FMCGs include general foods, toiletries, cleaning products, over-the-counter medications, small toys, tobacco products, cosmetics, tissues, laundry detergent, fabric softener, air fresheners, plastic utensils, paper plates and containers, and animal feed. Major producers in this market include Colgate-Palmolive, Coca-Cola, General Mills, H.J. Heinz, Henkel, Johnson & Johnson, Kimberly-Clark, Kraft, L'Oreal, Nestle, Procter & Gamble, Reckitt Benckiser, Sara Lee, SC Johnson and Unilever. Professional career paths in the field generally start out with entry-level work, such as sales or financial analysis, and move onward to management roles.Learn more in Economics
Some of the products that England exports include cars, petroleum, chemicals, medicine, food and beverages. England imports foods, machinery, fuels and computers. Imports may be in the form of raw materials or something that is not available locally.Full Answer >
Products made in Mexico include food, electronics, shoes, apparel, furniture, chemical products, automotive equipment and accessories, tools, toys and sporting goods. As of July 2006, Mexico was the number one partner with the United States in the electronics business. About 25 percent of imported U.S. automotive parts were from Mexico. The country’s manufacturing industry accounted for more textiles and apparel supplied to the United States than any other nation.Full Answer >
Examples of products that have elastic supplies are specifically branded items that have alternatives like Campbell's soup, Marlboro cigarettes and Porsche vehicles; products that have inelastic supplies are cigarettes, gasoline and salt. Products that have an inelastic supply are products that do not have a viable alternative, and buyers will continue to buy them despite the price increase.Full Answer >
To sell cosmetics, first decide what type of cosmetic products you wish to sell, then determine who the products would benefit, and figure out where you would like to sell them. Whether you choose to make your own cosmetics or sell pre-made ones, quality is crucial to your success.Full Answer >