In its online product catalog, retailer Sears, Roebuck and Company divides its products into “departments”, then presents products to potential shoppers according to function or brand.Each product has a Sears item-number and a manufacturer’s model-number.
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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. In economics and commerce, products belong to a broader category of goods.
