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product:

. . . that which results from production; i.e., the natural or artificial outcome of a process or activity which becomes material, applicable, or informational, for example, goods and services as well as ideas produced by human effort, especially, when seen as having value. A product can be a physical object or a service and may refer to a single item or unit, a group of equivalent products or a group of goods or services (source of quote).

Business Dictionary.com states that a product is a good, idea, method, information, object, or service that is the end result of a process and serves as a need or want satisfier (source of quote). Wikipedia has an article about business product.

As the outcome of productivity, products are created by mechanical, chemical, and natural processing as well as by, for example, workers on production lines. Products are commodities, wares and the like. Products as movable property are called goods.

A product line is a group of related products available to satisfy wants and needs of markets which have supply chains that deliver commercial products into the hands of uses and consumers as buyers.

Service providers deliver directly to end users. While eHow.com explains How to Position the Product Service Mix, Business Dictionary defines service product.

Measuring and reporting product production, especially as it relates to a national economy, is tied to product. Wikipedia has an article about gross domestic product (GDP), not . . . to be confused with gross national product or gross domestic income (source of quote). Related articles are about Gross national product and Gross domestic income.


related: economic development product; enterprise development product

 
 
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Economic Development Services, Inc. -- copyrights and all rights reserved / 07/29/2014