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Understanding the Differences Between Durable and Non-Durable Goods in the Wholesale Industry
In the wholesale industry, durable goods are items that are expected to have a long lifespan, often lasting three years or more. Examples of durable goods include appliances, furniture, and automobiles.
On the other hand, non-durable goods are items that have a short lifespan, often lasting less than three years. Examples of non-durable goods include paper products, cleaning supplies, and personal care products.
Wholesale companies that deal in durable goods often have a longer sales cycle, as customers may take more time to research and make a purchase decision for a long-lasting item. Non-durable goods tend to have a shorter sales cycle, as they are often purchased more frequently and on an as-needed basis.
Durable Goods Examples: Automobiles and Motor Vehicles, Motor Vehicle Supplies and New Parts, Tires and Tubes, Furniture, Home Furnishings, Lumber, Plywood, Millwork, Wood Panels, Brick, Stone, Construction Materials, Photographic Equipment and Supplies, Office Equipment, Computers, Software, Medical, Dental, Hospital Equipment, Ophthalmic Goods, Mining, Metals, Coal, Minerals, Ores, Electrical Apparatus, Appliances, Television, Radio, Plumbing, Heating, Hydronics, Air Conditioning, Refrigeration, Sporting and Recreational Goods and Supplies, Toys and Hobby Goods, Scrap and Waste Materials, Jewelry, Watches, Precious Stones, Precious Metals, etc.