What is PRODUCT?

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.

More On This Topic

Link to This Definition
Did you find this definition of PRODUCT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary