What type of goods are characterized by their short lifespan, such as food items and light bulbs?

Nondurable goods are specifically items that have a short lifespan and are typically consumed quickly or do not last long. Examples include food items, toiletries, and light bulbs, all of which are used up or depleted shortly after purchase. The characteristics of nondurable goods are important for businesses and consumers alike, as they affect purchasing behavior and inventory management.

Nondurable goods require repeated purchases, which can lead to an ongoing demand cycle. This is in contrast to durable goods, which are designed to last for an extended period and do not need to be purchased frequently. The classification of goods into durable and nondurable helps businesses assess market needs and inventory levels effectively.