MANAGEMENT

Detailed explanation-1: -Definition: A product is the item offered for sale. A product can be a service or an item. It can be physical or in virtual or cyber form. Every product is made at a cost and each is sold at a price.

Detailed explanation-2: -Product. anything that can be bought or sold.

Detailed explanation-3: -Consumer products, also called consumer (or final) goods, are products purchased for personal use. Consumer products are sold directly for the customer to use and are not intended for continued production or resale. Most consumer goods are displayed on shelves in a store or available for sale online.

Detailed explanation-4: -In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods. A service is also regarded as a type of product.