1. A product that is its finished stage, usually at the end of a production cycle. It is usually what a user needs or wants. 2.Law: A good distributed commercially that is (1) tangible personal property, (2) the result of a fabrication or production process, and (3) passed through the distribution channel before the consumption of the good. 3. Marketing: A good or service that provides exactly what the buyer wants or need and the profit margin must be justifiable for it to be in production.