product prod‧uct [ˈprɒdʌkt ǁ ˈprɑː-] noun
1. [countable] COMMERCE something useful and intended to be sold that comes from nature or is made in a factory:

• Distributors for Amway sell numerous products, including cleaning and personal-care products.

• Companies must be able to launch new products (= introduce them ) quickly and alter existing ones.

• SL Industries designs, manufactures and distributes engineered products.

• There were thought to be no safety problems, but the company decided to withdraw the product (= no longer make it available ) so the incidents could be investigated.

2. milk/​steel/​tobacco/​wood etc products products made from milk etc:

• Corning produces glass fiber and other specialty glass products.

• petroleum products

3. [countable] COMMERCE a service:

• The bank offers products such as cash management and short-term loans.

4. [uncountable] COMMERCE products in general:

• He needed $6,000 more a month to invest in inventory, but didn't have it. As a result he couldn't keep enough product on the shelf.

comˌmercial ˈproduct COMMERCE
1. [countable] a product that can be sold, rather than one still being developed:

• They had trouble converting promising research in drugs into commercial products.

2. [countable] another name for consumer product
comˌmodity ˈproduct
1. [countable] ECONOMICS a product such as a metal, farm product, oil etc:

• Canadian paper companies concentrate on commodity products such as pulp and newsprint, while US companies often concentrate on products with higher value added.

2. [countable] MARKETING a product that is hard to differentiate (= make seem different) from other products of the same kind:

• PCs are becoming commodity products, with consumers just buying on price.

conˌsumer ˈproduct [countable] COMMERCE
a product for use by people rather than businesses:

• the food and consumer products manufacturer Unilever

ˈcopycat ˌproduct [countable] MARKETING
a product that copies a competitor's idea for a product:

• There has been a surge of copycat products, but we expected many companies to copy our approach to desktop video conferencing.

ˈcore ˌproduct [countable] COMMERCE
a main product that a company makes or sells, and which is very important to it:

• The company is withdrawing from software and refocusing on its core products in hardware.

deˌrivative ˈproduct [countable] FINANCE
a financial product such as a Future or option rather than the actual shares, currencies etc that they relate to. Options give the buyer the right to buy shares etc at a fixed price within a particular period of time, and futures allow the buyer to buy a fixed amount of a currency, farm product etc at a fixed price for delivery later:

• The unit was formed last year to trade interest-rate swaps, currency swaps and other derivative products.

ˈentry-level ˌproduct [countable] MARKETING
a version of a product designed for someone buying this type of product for the first time. Entry-level products are usually the cheapest in a company's product range:

• On some entry-level products the company is also including simplified software for first-time users.

fiˌnancial ˈproduct [countable] FINANCE
a particular type of investment:

• Investors often find financial products increasingly complex and seek advice on how to buy and sell them.

geˌneric ˈproduct [countable] MARKETING
a product that is sold under the general name for a type of product, rather than a brand name. Many medicines and drugs that you can buy are generic products:

• Although R&D spending is soaring, generic products are reducing the profitable life of brand-name drugs.

ˌgross ˈproduct [countable, uncountable] ECONOMICS
the total value of goods and services produced in a particular place:

• In California, farmers produce about 10% of the state's gross product.

ˌhigh-end ˈproduct [countable] MARKETING
a product that is one of the most expensive or advanced in a company's product range, or in the market as a whole:

• The company blamed the loss on higher costs and lower sales of high-end products.

ˌhigh-tech ˈproduct also hi-tech product [countable] COMMERCE
a product that is made using the most modern technical knowledge and methods:

• demand for new computers and other high-tech products

ˌhome ˈproduct
1. [countable] COMMERCE a product used in people's homes, such as furniture etc:

• Cosmetics account for 8%, accessories 9% and home products, including bed and bath items, 10%.

2. [countable] another name for household product
ˌhousehold ˈproduct [countable]
a cleaning product used in people's homes etc:

• household products such as Ajax cleanser and Palmolive dishwashing liquid

inˌdustrial ˈproduct [countable] COMMERCE
a product for use in industry and business, rather than by people for their own use:

• power transmission parts and other industrial products

inˈsurance ˌproduct [countable] INSURANCE
a particular type of insurance contract:

• An insurance product called an immediate annuity pays a fixed sum each month for life or some other period.

inˈvestment ˌproduct [countable] FINANCE
another name for financial product:

• Purchasers of insurance and investment products are concerned about the financial strength of providers of these products.

ˌlow-end ˈproduct [countable] MARKETING
a product that is one of the cheapest in a company's product range, or in the market as a whole:

• Polo shirts are increasingly a low-end product: 30% of them are now sold through discount outlets.

me-ˈtoo ˌproduct [countable] informal MARKETING
a product introduced by a company after it has seen that other companies are successful with the same type of product:

• In vodka, the shelves were full of me-too products that lacked taste or marketing support.

proˌprietary ˈproduct [countable] MARKETING
a product sold under a brand name owned by a company, rather than a generic name (= a general name for a type of product):

• a proprietary product, called Danafate, that treats stomach ulcers

ˈvalue-ˌadded ˌproduct [countable] MARKETING
a product with special benefits for which buyers are willing to pay more. Producers are able to charge more for these products and therefore make more profit from them:

• The food service market includes both commodity and value-added products.

• The company's strong performance is due to its continued push into high-value-added products such as its Formula Shell high octane gas.

* * *

product UK US /ˈprɒdʌkt/ noun
[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(Cf. ↑augmented product), BY-PRODUCT(Cf. ↑by-product), COMMERCIAL PRODUCT(Cf. ↑commercial product), COMMODITY PRODUCT(Cf. ↑commodity product), CONSUMER PRODUCTS(Cf. ↑consumer products), COPYCAT(Cf. ↑copycat) adjective, CORE(Cf. ↑core) adjective, DERIVATIVE PRODUCT(Cf. ↑derivative product), DIFFERENTIATED(Cf. ↑differentiated), END PRODUCT(Cf. ↑end product), ENTRY-LEVEL(Cf. ↑entry-level), FINANCIAL PRODUCT(Cf. ↑financial product), GROSS PRODUCT(Cf. ↑gross product), HIGH-END(Cf. ↑high-end), HOME PRODUCT(Cf. ↑home product), HOUSEHOLD PRODUCT(Cf. ↑household product), INDUSTRIAL(Cf. ↑industrial) adjective, INSURANCE PRODUCT(Cf. ↑insurance product), INVESTMENT PRODUCT(Cf. ↑investment product), LOW-END(Cf. ↑low-end) adjective, ME-TOO(Cf. ↑me-too), PROPRIETARY(Cf. ↑proprietary), SUBSTITUTE PRODUCT(Cf. ↑substitute product)

Financial and business terms. 2012.


Look at other dictionaries:

  • Product.01 — are an electronic duo consisting of Austrian/Australian vocalist Rochelle Vincente Von K and Italian/English producer Marc Adamo.The release of their Zero One EP in 2004 garnered them critical acclaim, much of it instigated by their heated… …   Wikipedia

  • Product — may mean:*Product (biology), something manufactured by an organelle *Product (business), an item that ideally satisfies a market s want or need *Product (chemistry), a substance found at the end of a chemical reaction *Product (mathematics), the… …   Wikipedia

  • product — prod·uct / prä ˌdəkt/ n 1: the result of work or thought 2 a: the output of an industry or firm b: a thing created by manufacturing 3 in the civil law of Louisiana: something (as timber or a mineral) that is derived from something else and that… …   Law dictionary

  • product — 1 *work, production, opus, artifact Analogous words: forming or form, fabrication, manufacturing or manu facture (see corresponding verbs at MAKE): article, object, *thing 2 Product, production, produce are comparable when they denote something… …   New Dictionary of Synonyms

  • product — PRODÚCT, producte, s.n. (înv.) 1. Produs (1); marfă. 2. Produs (2). – Din lat. productus, germ. Produkt. Trimis de oprocopiuc, 19.04.2004. Sursa: DEX 98  PRODÚCT s. v. beneficiu, câştig, creaţie, lucrare, marfă, operă, producţie, pro dus, profit …   Dicționar Român

  • Product — Prod uct, n. [L. productus, p. pr. of producere. See {Produce}.] [1913 Webster] 1. Anything that is produced, whether as the result of generation, growth, labor, or thought, or by the operation of involuntary causes; as, the products of the… …   The Collaborative International Dictionary of English

  • Product 19 — is a breakfast cereal made by Kellogg s. Introduced in 1967, it consists of lightly sweetened flakes made of corn, oats, wheat, and rice. It is packaged and sold in a red box.As of November, 2007 some retailers reported that Kellogg s has… …   Wikipedia

  • product — [n] result or goods created aftermath, amount, artifact, blend, brand, brew, by product, commodity, compound, concoction, confection, consequence, contrivance, creation, crop, decoction, device, effect, emolument, fabrication, fruit, gain,… …   New thesaurus

  • product — [präd′əkt] n. [ME < ML productum < neut. pp. of L producere: see PRODUCE] 1. something produced by nature or made by human industry or art 2. Informal commercial products collectively, as of a certain kind or from a certain company;… …   English World dictionary

  • Product — Pro*duct , v. t. [1913 Webster] 1. To produce; to bring forward. Producted to . . . examination. [Obs.] Foxe. [1913 Webster] 2. To lengthen out; to extend. [Obs.] [1913 Webster] He that doth much . . . products his mortality. Hackett. [1913… …   The Collaborative International Dictionary of English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.