what is an example of a product?
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A product can be classified as tangible or intangible. ... For example, a soccer ball is a tangible product. Soccer Ball: A soccer ball is an example of a tangible product, specifically a tangible good. An intangible product is a product that can only be perceived indirectly such as an insurance policy.
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A physical item that can be perceived by the sense of touch. Examples of a tangible product include cars, food items, computers, telephones, etc. Many businesses also need to provide packaging for a tangible product to provide protection during its transportation to a retail location.
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The seven types of business products are major equipment, accessory equipment, raw materials, component parts, processed material, supplies, and business services. The main difference of a product being classified as a business product instead of a consumer product is the end user.
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Inactive ingredients are components of a drug product that do not increase or affect the therapeutic action of the active ingredient, which is usually the active drug. ... Examples of inactive ingredients include binding materials (which may be excipients), dyes, preservatives, and flavoring agents.
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['1) Product-Communication Extension (Dual Extension) ... ', '3) Product Adaptation-Communication Extension. ... ', '4) Product-Communication Adaptation or Dual Adaptation. ... ', '5) Innovation.']
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Word-processing program is an example of software. This answer has been confirmed as correct and helpful.
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We define knowledge products as information that will help members/stakeholders in their decision making efforts. Examples might include: industry reports, statistics and economic updates, benchmarking and best practices information, specialized seminars/webinars.
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OECD Statistics. Definition: New products are goods and services that differ significantly in their characteristics or intended uses from products previously produced by the firm. Context: The first microprocessors and digital cameras were examples of new products using new technologies.
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['Core benefit: The fundamental need or want that consumers satisfy by consuming the product or service. ... ', 'Generic product: ... ', 'Expected product: ... ', 'Augmented product: ... ', 'Potential product:']
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The term product life cycle refers to the length of time a product is introduced to consumers into the market until it's removed from the shelves. The life cycle of a product is broken into four stages—introduction, growth, maturity, and decline.
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Actual Product is the physical or tangible product which a consumer buys to get the CORE benefits that this product has in offering. For example, if the core benefit that a consumer seeks is READING then a BOOK is the Actual product. The manufacturers keep in mind the CORE benefits before making the ACTUAL product.
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As nouns the difference between product and good is that product is (countable|uncountable) a commodity offered for sale while good is (uncountable) the forces or behaviors that are the enemy of evil usually consists of helping others and general benevolence.
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Examples of merit goods include education, health care, welfare services, housing, fire protection, refuse collection and public parks. In contrast to pure public goods, merit goods could be, and indeed are, provided through the market, but not necessarily in sufficient quantities to maximise social welfare.
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An "electronic product" is a product that runs on electricity, i.e. An electronic toy, or calculator etc. Either is correct, but "electronic products" is much more common; simply "electronics" is much, much more common even than that.
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Intangible assets cannot be touched. ... Examples of intangible assets include goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists.
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Using Loss Leaders Selling a product at or below cost to lure customers in and drive other sales is an example of product-line pricing. A restaurant, for example, might offer a low-priced entrée with the purchase of a drink and dessert that have higher profit margins.
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Under the law, some of the products commonly referred to as "personal care products" are cosmetics. These include, for example, skin moisturizers, perfumes, lipsticks, fingernail polishes, eye and facial makeup preparations, shampoos, permanent waves, hair colors, toothpastes, and deodorants.