product

(redirected from set product)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

product

a generic term which covers both GOODS and SERVICES. Final products are goods and services which are purchased by consumers, while intermediate products are goods and services which are used by producers as factor inputs in producing other goods and services. See MARKETING MIX.

product

a generic term covering both GOODS and SERVICES.
References in periodicals archive ?
TV set product innovation expected to be the most dynamic development.
This flexibility is a key advantage over our multinational competitors, as they increasingly have been forced to adopt a more uniform and set product range approach where there is no flexibility to offer individual variations.
In addition to giving CPSC new authority to set product safety standards and issue recalls, the legislation would require third-party testing and certification and ban the sale of recalled products.
According to Hidehiko Aoki, retail analyst for Goldman Sachs & Co., under quotation pricing manufacturers set product prices at each stage of the distribution network, in effect guaranteeing margins for wholesalers and retailers.
He said the TV set product of the company has a local content of 35% with 65% of component supplied through imports.