Product (business)

productproductsmerchandiseconsumer productscommercial productsgoodscommercial productwaresgeneral merchandisegood
In marketing, a product is a system made available for consumer use; it is anything that can be offered to a market to satisfy the desire or need of a customer.wikipedia
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Retail

retailerretail storeshop
In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods.
Most modern retailers typically make a variety of strategic level decisions including the type of store, the market to be served, the optimal product assortment, customer service, supporting services and the store's overall market positioning.

Merchandising

merchandisemerchandisedmerchandizing
In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods.
In the broadest sense, merchandising is any practice which contributes to the sale of products to a retail consumer.

Service (economics)

servicesserviceBusiness Services
A service is also regarded to as a type of product.
Most products fall between these two extremes.

Economics

economiceconomisteconomic theory
In economics and commerce, products belong to a broader category of goods.
The item traded may be a tangible product such as apples or a service such as repair services, legal counsel, or entertainment.

Goods

goodeconomic goodcommodity
In economics and commerce, products belong to a broader category of goods.
In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.

Product liability

products liabilitydefective productsliability
Dangerous products, particularly physical ones, that cause injuries to consumers or bystanders may be subject to product liability.
Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.

Market (economics)

marketmarketsglobal market
In marketing, a product is a system made available for consumer use; it is anything that can be offered to a market to satisfy the desire or need of a customer.
The marketer E. Jerome McCarthy proposed a four Ps classification (product, price, promotion, place) in 1960, which has since been used by marketers throughout the world.

Product breakdown structure

productproductsproject deliverables
In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project.
Product (business)

Manufacturing

manufacturermanufacturemanufacturers
In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods.

Raw material

raw materialsfeedstockmaterial
In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods.

Finished good

finished goodsgoodsfinished products
In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods.

Commodity

commoditiescommodity goodcommodity prices
Commodities are usually raw materials such as metals and agricultural products, but a commodity can also be anything widely available in the open market.

Project management

projectproject managerproject development
In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project.

Commerce

commercialcommerciallybusiness
In economics and commerce, products belong to a broader category of goods.

Adam Smith

SmithAdam Smith’sNeo-Smithian
The economic meaning of product was first used by political economist Adam Smith.

Production (economics)

productioncommodity productioneconomic production
A related concept is that of a sub-product, a secondary but useful result of a production process.

Asset

assetstotal assetstangible asset
A product can be classified as tangible or intangible.

Intangible asset

intangible assetsintangibleintangibles
A product can be classified as tangible or intangible.

Sears

Sears RoebuckSears, Roebuck & Co.Sears, Roebuck
In its online product catalog, retailer Sears, Roebuck and Company divides its products into "departments", then presents products to potential shoppers according to (1) function or (2) brand.

Department store

department storesdepartmentdepartment-store
Sears uses the departments and product groupings with the intention of helping customers browse products by function or brand within a traditional department-store structure.

Insurance

insurance companyinsurance companiesinsurer
Within the insurance industry, product lines are indicated by the type of risk coverage, such as auto insurance, commercial insurance and life insurance.

Vehicle insurance

auto insuranceautomobile insuranceinsurance
Within the insurance industry, product lines are indicated by the type of risk coverage, such as auto insurance, commercial insurance and life insurance.

Life insurance

lifelife assurancelife insurance policy
Within the insurance industry, product lines are indicated by the type of risk coverage, such as auto insurance, commercial insurance and life insurance.

North American Industry Classification System

industry sectorsindustry sectorNorth American Industry Classification System (NAICS)
The NAFTA signatories are working on a system that classifies products called NAPCS as a companion to North American Industry Classification System (NAICS).

NIGP Code

The National Institute of Governmental Purchasing (NIGP) developed a commodity and services classification system for use by state and local governments, the NIGP Code.