COMMERCIAL PRODUCTS Meaning and
Definition
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Commercial products refer to goods or services that are manufactured or provided with the intention of generating profit or earning revenue. These products are designed and produced to meet the demands of consumers in a market economy. They are usually marketed and sold by companies or businesses to individuals or other businesses through various channels such as retail stores, online platforms, or wholesale distributors.
Commercial products encompass a wide range of tangible and intangible items, encompassing both physical goods and services. Physical goods include items such as clothing, electronics, household appliances, vehicles, and food products. Services, on the other hand, are intangible products that include activities or tasks performed by individuals or businesses, such as healthcare, banking, transportation, or consulting.
The production and sale of commercial products involve various stages, including research and development, design, manufacturing or production, marketing, distribution, and sales. These products are created to satisfy consumers' needs, desires, or solve their problems, with the ultimate goal of generating revenue and profit for the producing company.
Commercial products are subject to market forces, competition, and consumer demand. Their success is often determined by factors such as quality, price, branding, marketing strategies, and customer satisfaction. Manufacturers and businesses strive to create innovative and appealing commercial products that effectively meet consumer demands and expectations, as this will likely lead to increased sales and business success.
Etymology of COMMERCIAL PRODUCTS
The word "commercial" comes from the Old French word "comercial", which originated from the Latin word "commercium". "Commercium" is a combination of "com-" (meaning "together") and "mercium" (meaning "trade" or "commerce"). The term "commercial" thus refers to activities related to trade, business, or buying and selling goods or services.
The word "product" has its roots in the Latin word "producere", which means "to bring forth" or "to produce". "Producere" is derived from "pro-" (meaning "forward" or "forth") and "ducere" (meaning "to lead" or "to guide"). Over time, "product" has come to refer to something that is made or produced through human effort and is offered for sale or consumption.
