Definitions (3)
1. A good, idea, method, information, object, or service that is the end result of a process and serves as a need or want satisfier. It is usually a bundle of tangible and intangible attributes (benefits, features, functions, uses) that a seller offers to a buyer for purchase.
2. Law: A commercially distributed good that is (1) tangible personal property, (2) output or result of a fabrication, manufacturing, or production process, and (3) passes through a distribution channel before being consumed or used.
Articles related to 'product'
Business Tips
Charging Customers Different Prices for the Same Product or Service
Perfect price discrimination is the term given to charging each customer as much as that customer will pay. Note that some types of price discrimination are legal and others are not. Some ways you can ... Read more
More Tips
- What is your value proposition?
- Focus Marketing on Perception Management
- Why do Coupons and Rebates Exist?
- Does Your Company Create Value?
- Gathering Market Research for Upcoming Products and Services
- How much power do your suppliers have?
- Business Owner's Actions
- Surf Ahead of the Wave
- Price Discrimination 101
Questions related to 'product'
- what is production and operation management
- NOEL value is good to be high or low for a product in order to be suitable for human consumption or used in food industry? Thank you for reply
- I am looking for a case study on Product Life Cycle to illustrate the interaction between Science-Technology-Business. Please help.
- is cost unit like cost for individual products for eg if u manufacturing rum then sugar is one of the ingredient or raw material that has a cost
- How does capacity utilization and product mix affect product mix and profitability?
Related Videos
http://www.businessdictionary.com/definition/product.html
