Difference between revisions of "Market exchangeable"

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(Product vs marketable)
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===Product vs marketable===
 
===Product vs marketable===
 
:Literally, [[product]] is anything that is produced. This term, [[product]], has a wide range of applications:
 
:Literally, [[product]] is anything that is produced. This term, [[product]], has a wide range of applications:
:*In [[business]] and [[marketing]], ''product'' usually refers to [[marketable|marketable product]] (or, simply, the '''[[marketable]]''') that is produced by either an industrial process or farming to be sold and re-sold as a commodity.
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:*In [[business]] and [[marketing]], ''product'' usually refers to the ''marketable'' that is produced by either an industrial process or farming to be sold and re-sold as a commodity.
 
:*In [[business analysis]], ''product'' may refer to either a [[work product]] that the [[customer]] seeks to obtain or a [[work product]] that is the result of the work of [[business analyst]]s.
 
:*In [[business analysis]], ''product'' may refer to either a [[work product]] that the [[customer]] seeks to obtain or a [[work product]] that is the result of the work of [[business analyst]]s.
 
:*In [[engineering]] and [[project management]], ''product'' usually refers to '''[[work product]]'''.
 
:*In [[engineering]] and [[project management]], ''product'' usually refers to '''[[work product]]'''.

Revision as of 18:51, 9 July 2020

A marketable (alternatively known as a marketable product or, simply, product) is any item that can be sold or serve as a not-for-sale source of the items that can be sold.


Trivia

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.

Product vs marketable

Literally, product is anything that is produced. This term, product, has a wide range of applications:

Types

Intangible vs not-for-sale vs tangible

With regard to its nature, a marketable can be one of the following:
  1. Intangible, which is something identifiable, but not tangible such as concepts, data, enterprises, events, experiences, ideas, information, labor, marketable permits, marketable securities, personal time, services, software, and any other non-physical property.
  2. Not-for-sale, which is anything that is not (such as publicly-owned locations or places) and/or cannot (such as communities, governments, and persons) be private properties.
  3. Tangible, which is a physical good such as animals, buildings, hardware, land, produce, and any other physical property.

Earned vs made vs purchased

With regard to the way of its completion, a marketable can be one of the following:
  1. Work product or produced marketable, which is made as a solution or component of a solution that is the primary result of a project or operations. In other words, a produced marketable is an article or substance that is produced and refined for sale.
  2. Purchased item available for sale.
  3. Earned entity, which is not just a work product and cannot be sold itself, but is a not-for-sale source of the items that can be sold. These sources include communities, publicly-owned locations, governments, and people.

Features

Related lectures