PRODUCT

Product is a good, idea, method, information, object or service created as a result of a process and serves a need or satisfies a want.

Product has a combination of tangible and intangible attributes (benefits, features, functions, uses) that a seller offers a buyer for purchase. For example, a seller of a toothbrush not only offers the physical product but also the idea that the consumer will be improving the health of their teeth.

The product is based on the engineering system (ES) and/or the technological process (P). These ES/P have certain characteristics inherent in them (hereinafter ES/P Characteristics).

The product also has additional characteristics associated with its production, sale and use. These characteristics are defined hereinafter as the Product Characteristics.