Product

From CNM Wiki
Revision as of 21:18, 14 July 2020 by QiratH (talk | contribs)
Jump to: navigation, search

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.