Product (business)

A product is something that is made (produced) and often something that is sold.

In economics, things that one person has and another person wants are called goods. If the thing was made by people, then it is called a product. If it is something that was found in nature, it is called a natural resource.

In marketing, it is an object made for people's use and it satisfies the need of a customer.^[1]

In retail, products are often connected with merchandise, and in manufacturing, products are some materials to create final goods.

1. ↑ Kotler, P., Armstrong, G., Brown, L., and Adam, S. (2006) Marketing, 7th Ed. Pearson Education Australia/Prentice Hall.