Difference between revisions of "Market exchangeable"

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Revision as of 17:08, 18 June 2020

A product is any item of goods, services, or any intangible that can be sold. Product can refer to one or more of the following:

  1. A solution or component of a solution that is the primary result of a project or operations;
  2. An article or substance that is produced or refined for sale. Tangible goods such as produce or hardware, intangible items such as data, ideas, or software, such complex things as places and enterprises, as well as services, labor, work time, events and other experiences are examples of products.

Definitions

According to Marketing Management by Keller and Kotler (15th edition),

Product. Anything that can be offered to a market to satisfy a want or need, including physical goods, services, experiences, events, person, places, properties, organizations, information, and ideas.

According to Managing Quality by Foster (6th edition),

Product. A tangible good that is produced for a customer.


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