Commercial Modular Practice Test

Question: 1 / 400

Which of the following accurately defines consumer goods?

Products solely for commercial purposes

New products used primarily for personal, family, or household purposes

The definition of consumer goods focuses on products that are intended for personal, family, or household use. These are items that individuals buy to meet their everyday needs or desires, distinguishing them from goods that are intended for commercial use or resale.

Consumer goods encompass various categories, including durable goods (like appliances and vehicles) and non-durable goods (like food and toiletries). By focusing on the purpose of these products as being for individual use rather than for business or resale, this definition accurately captures the essence of what consumer goods are.

Other options refer to concepts that diverge from the definition of consumer goods. For instance, products solely for commercial purposes would not fit under consumer goods since those are intended for business rather than personal consumption. Similarly, used products might exist in various conditions, but they do not necessarily qualify as consumer goods unless they are intended for individual use. Lastly, items purchased for resale would instead be classified as commercial or business goods, rather than consumer goods.

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Used products in any condition

Items purchased for resale

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