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 yields enough profit to justify its continued existence.
As long as cars are manufactured, companies such as Michelin that produce tires fill the market need and continue to be profitable.
Use 'product' in a Sentence
When you are working as a sales agent, you must persuade people that your products are useful and interesting so that you can make the most money.
His idea for a product was a genius one, but he didn't have enough money to make or produce it on his own.
Janice know a lot about hair products because, as a professional stylist and owner of her very own hair salon, she uses them quite regularly to style her client's hair.
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