And if you make the âZestimate is too highâ argument, youâll probably get laughed at by the seller and the real estate agent. Of course, if I were buying a home and had the choice, Iâd want to be making an offer on a home that was listed below the Zestimate, whether accurate or not.
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.
1 A product refers to an arrangement for buying and selling of commodities. 2  The examples of product market are Rice market, Fish market, etc. 3  In the product market the households are the buyer.4  The demand for product is a direct demand. The demand for product is a direct demand. 2  The price of the product is determined by the interaction of demand and supply of product. 3  This market facilitates exchange of goods and services in the society.