Product - Definition, Importance, Types & Example

Product is an offering which may be produced by a manufacturer, collected from nature or created virtually to provide a certain benefit or value to the customer. A product may be a physical or a non-physical good or service, made by a company to be sold to a customer fulfilling specific customer
Product is an offering which may be produced by a manufacturer, collected from nature or created virtually to provide a certain benefit or value to the customer. A product may be a physical or a non-physical good or service, made by a company to be sold to a customer fulfilling specific customer's stated or unstated needs. It has a benefit which completes a customer's need for which a customer pays.

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