Business, Legal & Accounting Glossary
Red goods are consumer goods that are consumed quickly and thus replaced quickly. Consumer goods, also called “final goods,” are items purchased by customers for use or consumption. The classic example of red goods is food products. Red goods also generally have a low-profit margin for manufacturers.
What are other categories of goods?
There are two categories of goods similar to red goods, which vary primarily on how quickly the good must be replaced:
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Definitions for Red Goods are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th February, 2020