What is the approximate lifespan of durable goods?
(1 point
•Three or more years
• Fifteen to twenty years
• Six months to one year
• Infinite
The approximate lifespan of durable goods is typically three or more years.
To determine the approximate lifespan of durable goods, we need to understand what durable goods are first. Durable goods are products that are expected to have a long lifespan and provide extended use and value to the consumer. Some examples of durable goods include appliances, vehicles, furniture, and electronics.
The lifespan of durable goods can vary depending on several factors, such as the quality of the product, maintenance and care, technological advancements, and changes in consumer preferences. However, typically, durable goods are expected to last for three or more years. This means that they should provide functionality and usefulness for at least a few years before needing replacement or significant repairs.
Given the answer choices provided, the closest option to the approximate lifespan of durable goods would be "Three or more years." While there are exceptions where certain goods may last for fifteen to twenty years or even longer, it is not the general expectation for the lifespan of most durable goods.
It is important to note that the lifespan of durable goods can vary significantly depending on individual circumstances, usage patterns, and the specific product in question.