Definition: The word "product(s)" can be used to refer to any tangible or intangible good, service or item that has value for a buyer, such as clothing, furniture, tools, equipment, gadgets, etc. It's typically defined by its primary use in commerce and often refers to the product itself. For example, "The new washing machine was advertised at $250." The product can also refer to an asset or service that is being sold, such as a car, house or business.