Term of the Day product

Term of the Day


1. A good, idea, methodinformationobject or service created as a result of a process and serves a need or satisfies a want. It has a combination oftangible and intangible attributes (benefitsfeaturesfunctionsuses) that aseller 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 …
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Usage Example
Upon receipt of the finished product I found it to be of poor quality so I sent it back and asked for a full refund.