Product is the element of the marketing mix refers to a good, service, or idea that satisfies consumers' needs.
What is a product?
A product is an item offered for sale. A product can be a service or an item. It can be physical or in virtual or cyber form. Each product is produced at a certain price and each is sold at a certain price. The price that can be charged depends on the market, quality, marketing and target segment. Every product has a lifespan after which it must be replaced and a life cycle after which it must be reinvented. In FMCG parlance, a brand can be revamped, re-launched or expanded to make it more relevant to a given segment and time, while often keeping the product pretty much the same.
To learn more about product, refer to:
brainly.com/question/22852400
#SPJ4
