Consumables in the context of "Ink cartridge"

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⭐ Core Definition: Consumables

Consumables are goods that are intended to be used up, or in the case of food, eaten. People have, for example, always consumed food and water. Consumables are in contrast to long-lasting durable goods such as cars and washing machines. Disposable products are a particular, extreme case of consumables, because their end-of-life is reached after a single use.

Consumables are products that consumers use recurrently, i.e., items which "get used up" or discarded. For example, consumable office supplies are such products as paper, pens, file folders, Post-it notes, and toner or ink cartridges. This is in contrast to capital goods or durable goods in the office, such as computers, fax machines, and other business machines or office furniture. Sometimes a company sells a durable good at an attractively low price in the hopes that the consumer will then buy the consumables that go with it at a price providing a higher margin. Printers and ink cartridges are an example, as are cameras and film as well as razors and blades, which gave this business model its usual name (the razor and blades model).

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Consumables in the context of Durable good

In economics, a durable good or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility over time rather than being completely consumed in one use. Items like bricks could be considered perfectly durable goods because they should theoretically never wear out. Highly durable goods such as refrigerators or cars usually continue to be useful for several years of use, so durable goods are typically characterized by long periods between successive purchases.

Nondurable goods or soft goods (consumables) are the opposite of durable goods. They may be defined either as goods that are immediately consumed in one use or ones that have a lifespan of less than three years. Examples of nondurable goods include fast-moving consumer goods such as food, cosmetics, cleaning products, medication, clothing, packaging and fuel. While durable goods can usually be rented as well as bought, nondurable goods generally are not rented, apart from some clothing categories (e.g. formal wear rentals).

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Consumables in the context of Office supplies

Office supplies are consumables and equipment regularly used in offices by businesses and other organizations, required to sustain office operations. For example, office supplies may be used by individuals engaged in written communications, record-keeping and bookkeeping. The range of items classified as office supplies varies, and typically includes small, expendable, daily use items, and consumable products.

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Consumables in the context of Disposable

A disposable (also called disposable product) is a product designed for a single use after which it is recycled or is disposed as solid waste. The term is also sometimes used for products that may last several months (e.g. disposable air filters) to distinguish from similar products that last indefinitely (e.g. washable air filters). The word "disposables" is not to be confused with the word "consumables", which is widely used in the mechanical world. For example, welders consider welding rods, tips, nozzles, gas, etc. to be "consumables", as they last only a certain amount of time before needing to be replaced. Consumables are needed for a process to take place, such as inks for printing and welding rods for welding, while disposable products are items that can be discarded after they become damaged or are no longer useful.

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Consumables in the context of Operations management

Operations management is concerned with designing and controlling the production of goods and services, ensuring that businesses are efficient in using resources to meet customer requirements.

It is concerned with managing an entire production system that converts inputs (in the forms of raw materials, labor, consumables, and energy) into outputs (in the form of goods and services for consumers). Operations management covers sectors like banking systems, hospitals, companies, working with suppliers, customers, and using technology. Operations is one of the major functions in an organization along with supply chains, marketing, finance and human resources. The operations function requires management of both the strategic and day-to-day production of goods and services.

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Consumables in the context of Freebie marketing

The razor and blades business model is a business model in which one item is sold at a low price (or given away) in order to increase sales of a complementary good, such as consumable supplies. It is different from loss leader marketing and product sample marketing, which do not depend on complementary products or services. Common examples of the razor and blades model include inkjet printers whose ink cartridges are significantly marked up in price, coffee machines that use single-use coffee pods, electric toothbrushes, and video game consoles which require additional purchases to obtain accessories and software not included in the original package.

Although the concept and the catchphrase "Give 'em the razor; sell 'em the blades" are widely credited to King Camp Gillette, the inventor of the safety razor, Gillette did not in fact follow this model.

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Consumables in the context of Autonomous consumption

Autonomous consumption (also exogenous consumption, autonomous spending) is the consumption expenditure that occurs when income levels are zero. Such consumption is considered autonomous of income only when expenditure on these consumables does not vary with changes in income; generally, it may be required to fund necessities and debt obligations. If income levels are actually zero, this consumption counts as dissaving, because it is financed by borrowing or using up savings. Autonomous consumption contrasts with induced consumption, in that it does not systematically fluctuate with income, whereas induced consumption does. The two are related, for all households, through the consumption function:

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Consumables in the context of Fast-moving consumer goods

Fast-moving consumer goods (FMCG) are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, and other consumables.

Fast-moving consumer goods have a high inventory turnover and are contrasted with specialty items, which have lower sales and higher inventory holding costs. Many retailers carry only FMCGs, particularly hypermarkets, big box stores, and warehouse club stores. Small convenience stores also stock fast-moving goods; the limited shelf space is filled with higher-turnover items.

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Consumables in the context of Blue laws

Blue laws (also known as Sunday laws, Sunday trade laws, and Sunday closing laws) are laws restricting or banning certain activities on specified days, usually Sundays in the western world. The laws were adopted originally for religious reasons, specifically to promote the observance of the Christian day of worship. Since then, they have come to serve secular purposes as well.

Blue laws commonly ban certain business and recreational activities on Sundays, and impose restrictions on the retail sale of hard goods and consumables, particularly alcoholic beverages. The laws also place limitations on a range of other endeavors—including travel, fashions, hunting, professional sports, stage performances, movie showings, and gambling. While less prevalent today, blue laws continue to be enforced in parts of the United States and Canada as well as in European countries, such as Austria, Germany, Norway, and Poland, where most stores are required to close on Sundays.

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