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1. Something produced by human or mechanical effort or by a natural process, as: a. An item that is made or refined and marketed: farm products; soaps, detergents, and similar products; travel products such as vacation trips. b. Such items considered as a group: sold a lot of product in May.
In marketing, a product is anything that can be offered to a market that might satisfy a want or need.In retailing, products are called merchandise. In manufacturing, products are bought 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.In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project.ommodities are usually raw materials such as metals and agricultural products, but a commodity can also be anything widely available in the open market. In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project.