In business, the products are goods or services that can be traded. In marketing, the product is anything that can be offered to a market and can satisfy a desire or need. [1] In the retail level, the product is often referred to as merchandise. In manufacturing, products purchased in the form of raw materials and sold as finished goods. Products in the form of raw materials such as metal or agricultural products are often referred to as a commodity. The word comes from the English product product which means "that which is produced by labor or the like". [2] The form of the work of said product, ie produce, the uptake from the Latin Produce (re), which means (to) lead or bring something to go forward. In 1575, the word "product" refers to anything that is produced ("anything produced"). [3] However, since 1695, the definition of the word refers to the product that is produced ("the thing or things produced"). Products in the economic sense was first introduced by economist-politician Adam Smith. [4] In a wider use, the product can refer to an item or unit, a group of the same product, a group of goods and services, or a grouping of industries for goods and services .
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