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Products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods. A service is also regarded as a type of product.
- A product line is "a group of products that are closely related, either because they function in a similar manner,
- Various classification systems for products have been developed for economic statistical purposes.
- A tangible product is an actual physical object that can be perceived by touch such as a building
Service production and delivery model in which a productized service[2] is sold by the seller or vendor to the buyer and is centrally hosted, either on a standalone website or an open marketplace platform. It is sometimes referred to as "on-demand service". SaaP is typically accessed by the creator and the consumer by users using a thin client via a web browser.
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