Products
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Products
Products (pronunciation: /ˈprɒdʌkts/) are the result of a manufacturing or natural process, often intended for sale or use. The term is derived from the Latin word 'productum', which is the neuter form of the past participle of 'producere', meaning 'to lead or bring forth'.
Types of Products
There are several types of products, including:
- Tangible Products: These are physical items that can be touched, seen, and felt. Examples include cars, furniture, and food items.
- Intangible Products: These are non-physical items that cannot be touched, seen, or felt. Examples include services, experiences, and ideas.
- Consumer Products: These are products that are purchased for personal use or consumption. They are further divided into convenience products, shopping products, specialty products, and unsought products.
- Industrial Products: These are products that are purchased for use in an organization's operations. They include raw materials, components, installations, and supplies.
Related Terms
- Product Life Cycle: This is a concept that describes the stages a product goes through from when it was first thought of until it is removed from the market.
- Product Line: This is a group of related products under a single brand sold by the same company.
- Product Mix: This is the total number of product lines that a company offers to its customers.
- Product Portfolio: This is the collection of all products and services offered by a company.
See Also
External links
- Medical encyclopedia article on Products
- Wikipedia's article - Products
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