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What is Product
Products are outputs of a production process and by their nature are divided into: tanglible products (goods) and intangible products (services).

Products are outputs of a production process and by their nature are divided into:

Mission of each organization is to provide its customers either a service or sell them, or otherwise provide its goods. In this sense, the products are the result of organization’s activities. The product, however, can be also applied to the outcome of activities of individuals, groups, or a production process.

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Last update: 12.10.2015

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