1. A good, idea, method, information, object or service created as a result of a process and serves a need or satisfies a want. It has a combination of tangible and intangible attributes (benefits, features, functions, uses) that a seller offers a buyer for purchase. For example a seller of a toothbrush not only offers the physical product but also the idea that the consumer will be improving the health of their teeth.
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.
- The Importance of Quality Over Quantity
- 6 Low Cost Business Start Ups
- Internet Marketing Methods for Small Businesses
- Deciding When To Call It Quits
- Effective Methods for Fostering Employee Growth
- Why is Corporate Governance Important?
- Using Your IRA for Real Estate Investments *
- Buying Overseas Property in the UK *