What does FMCG in business stand for?

Question

What does FMCG in business stand for?

Answer 1

Fast Moving Consumer Goods (FMCG), also known as Consumer Packaged Goods (CPG), are products that are sold quickly at relatively low cost. Though the absolute profit made on FMCG products is relatively small, they generally sell in large quantities, so the cumulative profit on such products can be large.

Examples of FMCG generally include a wide range of frequently purchased consumer products such as toiletries, soap, cosmetics, teeth cleaning products, shaving products and detergents, as well as other non-durables such as glassware, light bulbs, batteries, paper products and plastic goods. FMCG may also include pharmaceuticals, consumer electronics, packaged food products and drinks, although these are often categorized separately.

Answer 2

FMGC in business stand for Fast Moving Consumer Goods.

To describe in brief, FMCG includes packed food and drinks, cosmetics,household short durables, crockeries,packed semi-durable foodstuff,consumable kitchen items,consumable general household items, medicines, paper items and paper stationeries,educational daily consumables, bakery items, baby care items, etc. etc.

FMGC items are very competitive in the market, and thereby sold with a low profit normally. Because of the huge consumption quantity, survival of the FMGC companies continues even through tough competitions.