Fast-moving consumer goods (FMCG) are described as what?

Fast-moving consumer goods (FMCG) are characterized by their quick turnover and rapid sales. These goods typically include everyday items that are consumed regularly, such as food, beverages, toiletries, and other household products. The defining attribute of FMCG is their high demand combined with low margins, leading to frequent purchases by consumers. This means they are often sold quickly and at a relatively low price point, making them easily accessible and essential for daily living.

In contrast, the options that describe moderately priced, infrequently purchased goods, high-priced specialty items, or products requiring significant problem-solving do not align with the nature of FMCG. These other categories usually involve higher pricing, lower purchase frequency, and a longer decision-making process, which are not characteristic of FMCG products. Therefore, identifying FMCG with goods that sell quickly, particularly food items, accurately reflects their role and impact in the market.