Business Studies, asked by ranaprerna424, 5 months ago

Define a product. What are the various viewpoints to explain the concept of a product?

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Answered by rishabhraj7219

13

Answer:

Products are what marketers supply in exchange for customers' money. From the producer's viewpoint, a product is the end result of combining factors of production, i.e. labour, raw materials, capital and enterprise, but from a customer's viewpoint the product is defined by the benefits it provides..

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