Q. Consider the following:

1. FMCG (Fast-Moving Consumer Goods)
2. Consumer Durables
3. Packaged Foods

Which of the above is / are typically characterized by high turnover and relatively low cost?
Answer: Only 1
Notes: FMCG refers to products that sell quickly at relatively low cost, such as beverages, toiletries, and groceries. They are characterized by high demand and frequent purchases. Consumer durables, on the other hand, include items like appliances and electronics that have a longer life span and are not purchased as frequently. Packaged foods can fall under FMCG but vary in turnover rates based on shelf life and consumer preferences. Thus, FMCG is the only category here that fits the criteria of high turnover and low cost.