basic product

Definition

A fundamental good or service that can be provided by a business and sold to consumers that need or desire it. For a manufacturing company, a basic product might be a rather simple good that experiences relatively consistent consumer demand and so helps the business cover its costs while a greater diversity of products are developed.

Use basic product in a sentence

Related Videos




http://www.businessdictionary.com/definition/basic-product.html

Have a question about basic product? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z