Difference between revisions of "Product"

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==Definitions==
 
==Definitions==
 
According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]],
 
According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]],
:[Product]]. Any output that has a positive total sales value (or an output that enables an organization to avoid incurring costs).  
+
:[[Product]]. Any output that has a positive total sales value (or an output that enables an organization to avoid incurring costs).  
 
According to the [[Marketing Communications by Fill (5th edition)]],
 
According to the [[Marketing Communications by Fill (5th edition)]],
 
:[[Product]]. Anything that is capable of satisfying customer needs.
 
:[[Product]]. Anything that is capable of satisfying customer needs.
  
 
[[Category: Accounting]][[Category:Articles]][[Category: Marketing Management]]
 
[[Category: Accounting]][[Category:Articles]][[Category: Marketing Management]]

Revision as of 21:18, 14 July 2020

Literally, product is anything that is produced. This term has a wide range of applications:

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Product. Any output that has a positive total sales value (or an output that enables an organization to avoid incurring costs).

According to the Marketing Communications by Fill (5th edition),

Product. Anything that is capable of satisfying customer needs.