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What is Consumer Goods?

In economics final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the components such as tires sold to the car manufacturer are not; they are intermediate goods used to make the final good.

When used in measures of national income and output the term final goods only includes new goods. For instance, the GDP excludes items counted in an earlier year to prevent double counting of production based on resales of the same item second and third hand.

Consumer goods are final goods specifically intended for the mass market. For instance, consumer goods do not include investment assets, like precious antiques, even though these items are final goods.

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What are the Career Paths in Consumer Goods?

This path leads to:

Typical roles: Sales Managers, General and Operations Managers, Industrial Production Managers, Advertising and Promotions Managers, Engineers, All Other, Chief Executives, Marketing Managers, Treasurers and Controllers, Management Analysts, Computer Software Engineers, Systems Software

Typical tasks:

  • Coordinate and recommend procedures for facility and equipment maintenance or modification, including the replacement of machines.
  • Inspect layouts and advertising copy and edit scripts, audio and video tapes, and other promotional material for adherence to specifications.
  • Provide presentation and product demonstration support during the introduction of new products and services to field staff and customers.
  • Establish departmental responsibilities and coordinate functions among departments and sites.
  • Coordinate the development and implementation of budgetary control systems, recordkeeping systems, and other administrative control processes.
  • Serve as liaisons between organizations, shareholders, and outside organizations.
  • Conduct or direct investigations or hearings to resolve complaints and violations of laws, or testify at such hearings.
  • Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.
  • Gather and organize information on problems or procedures.
  • Confer with personnel concerned to ensure successful functioning of newly implemented systems or procedures.

Getting In

  • brand management
  • new product development
  • business intelligence
  • general management
  • consumer
  • business analysis

Credentials

This graph shows the rate of academic degree attainment in this industry.

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