Which of these is not a characteristic of durable goods?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. They are meant for repetitive purchases.
"They are meant for repetitive purchases." This is not a characteristic of durable goods. Durable goods are designed for long-term use and are not typically purchased repeatedly. Examples include cars, appliances, and furniture, which last for several years.
Explanation of Other Options:
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Capable of repetitive use: Durable goods can be used multiple times over their lifespan.
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Not extinguished by immediate consumption: These goods remain functional after use.
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Relatively long life: Durable goods last longer compared to consumable goods.