Business Term of the Day PRODUCT 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. 3. Marketing: A good or service that most closely meets the requirements of a particular market and ... Usage Example: Upon receipt of the finished product I found it to be of poor quality so I sent it back and asked for a full refund. Source: BusinessDictionary #TsivapeNuggets #Learn2Learn
Posted on: Thu, 18 Dec 2014 06:54:41 +0000
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