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Product of sequences. The product operator for the product of a sequence is denoted by the capital Greek letter Pi â (in analogy to the use of the capital Sigma â as summation symbol). The product of a sequence consisting of only one number is just that number itself.
Definition of 'Product'. Definition: A product is the item offered for sale. A product can be a service or an item. It can be physical or in virtual or cyber form. Every product is made at a cost and each is sold at a price. The price that can be charged depends on the market, the quality, the marketing and the segment that is targeted. Each product has a useful life after which it needs replacement, and a life cycle after which it has to be re-invented.