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English definition of “product”


noun     /ˈprɒdʌkt/
[C or U] PRODUCTION something that is manufactured or grown to be sold , usually in large quantities : sell/launch/withdraw a product The manufacturers had to withdraw the product because of a design fault . We aim to develop more quality products over the coming year . oil / steel products agricultural / dairy products
[C] FINANCE a service that customers can buy from a financial organization to invest or save money : financial/insurance/investment, etc. product Improvement of the bank's financial product range formed part of the takeover bid .
[U] COMMERCE something that is available for sale : They took all products containing the chemical off the shelves . Large companies usually offer small retailers a deal where they only pay for the product sold during an agreed period . → See also augmented product, by-product, commercial product, commodity product, consumer products, copycat adjective, core adjective, derivative product, differentiated, end product, entry-level, financial product, gross product, high-end, home product, household product, industrial adjective, insurance product, investment product, low-end adjective, me-too, proprietary, substitute product
(Definition of product noun from the Cambridge Business English Dictionary © Cambridge University Press)
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