Product can be defined as anything that delivers value to satisfy a need or want and includes physical merchandise, services, events, people, places, organizations, information, even ideas.
A product is considered as any good or service that fulfills consumer needs or desires. In the market, the type of product impacts its perceived value, which allows companies to price it profitably.
In an economy, products satisfy consumer wants, products come with different physical aspects such as volume, design, brand name, etc. The price of a product directly influences sales volume and, also, business profits.
Hence, good products are the key to market success.
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