How are non-durable goods characterized?

Non-durable goods are characterized by their short lifespan, typically lasting less than three years with regular use. This category includes items such as food, toiletries, and cleaning products, which are consumed quickly or have a limited useful life. The defining feature of non-durable goods is their inability to withstand prolonged use or storage; they are purchased frequently and consumed in a relatively short period. Understanding this characteristic is crucial for businesses that deal with inventory management, pricing strategies, and marketing, as it affects how these goods are classified and sold in the marketplace.