Business Product

A Business Product is an economic good that is released by an business into a market.

• AKA: Commercial Product, Company Product.
• Context:
  • It can be used by a Customer.
  • It can range from being a Physical Business Product, a Service Business Product, to being a Virtual Business Product (e.g. a license to a patented idea).
  • It can have:
    • a Company Product Name.
    • a Company Product Release Date.
    • a Purchase Price.
  • It can range from being a Consumer Product (Business-to-Consumer Product) to being a Business-to-Business Product.
  • It can be associated to a Product Category (e.g. a Consumer Electronics Product, Book Product, Car Product, Cosmetics Product, ...)
  • It can range, depending on its Purchase Price, from being a Free Product to being a Saleable Product.
  • It can be within a Product Category.
  • It can be associated to a Product Review.
  • It can be associated to a Product Label, e.g. PRODUCT.
  • It can be represented in:
    • a Text as a Product Mention (e.g. “Just a very basic question, would it be alright to put 2 x [30GB OCZ Solid Series SATA II 2.5" SSD] into RAID0 on an ICH10R controller?” from http://www.ocztechnologyforum.com/forum/showthread.php?t=47184)
    • a Database as a Product Record (e.g. http://www.icecat.biz/en/p/OCZ/OCZSSD2-2C30G/Core%2520Series%2520V2%2520SATA%2520II%25202.5%2522%2520SSD.htm}
• Example(s):
  • New Volkswagen Beetle 1998, a Physical Product.
  • Yahoo's keyword searching patent US patent 6269361, a Virtual Product (a Patent).
  • Firefox v3.0.11 is release by Mozilla Foundation.
  • Microsoft Word v11 is release by Microsoft Corporation.
  • Google Search is release by Google Inc..
  • Wikipedia is released by Wikimedia Foundation.
  • “Nokia N95 8G”, a Physical Product.
    • Product Mention: “Let's show off the Nokia N95 8G during Cape of Good Hope's ex-notaries public convention.”
    • Product Record: http://www.nokia.ca/A4688741
    • Product Marketing Page: http://explore.toshiba.com/laptops/satellite/A300
  • “30GB OCZ Solid Series SATA II 2.5" SSD”, a Physical Product.
    • Product Mention: “Just a very basic question, would it be alright to put 2 x [30GB OCZ Solid Series SATA II 2.5" SSD] into RAID0 on an ICH10R controller?” from http://www.ocztechnologyforum.com/forum/showthread.php?t=47184
    • Product Record: http://www.icecat.biz/en/p/OCZ/OCZSSD2-2C30G/Core%2520Series%2520V2%2520SATA%2520II%25202.5%2522%2520SSD.htm}
    • Product Marketing Page: http://www.ocztechnology.com/products/flash_drives/ocz_solid_series_sata_ii_2_5-ssd
• Counter-Example(s):
  • a Commercial Product Component.
  • a Company Headquarter.
  • a Company Employee.
• See: Entity, Entity Type, Business-to-Business, Business-to-Consumer, Product Review Site, Product Marketing Page.

---

---

References

2011

• (Wikipedia, 2011) ⇒ http://simple.wikipedia.org/wiki/Product_(business)
  • QUOTE:In general, the product is defined as a "thing produced by labor or effort" or the "result of an act or a process", and stems from the verb produce, from the Latin prōdūce(re) '(to) lead or bring forth'. Since 1575, the word "product" has referred to anything produced. Since 1695, the word has referred to "thing or things produced".

    In economics and commerce, products belong to a broader category of goods. The economic meaning of product was first used by political economist Adam Smith.

    In marketing, a product is anything that can be offered to a market that might satisfy a want or need. In retailing, products are called merchandise. In manufacturing, products are purchased as raw materials and sold as finished goods. Commodities are usually raw materials such as metals and agricultural products, but a commodity can also be anything widely available in the open market. In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project. In insurance, the policies are considered products offered for sale by the insurance company that created the contract.

---