product (business)


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Product (business)
In business, a product is a good economics and accounting good or service which can be bought and sold. In marketing, a product is anything that can be offered to a market that might satisfy a want or need. In manufacturing, products are purchased as raw materials and sold as finished goods. Commodities are usually raw materials such as metals and agricultural products, but a commodity can also be anything widely available in the open market.
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