PRODUCT

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Definitions

1. a completed thing that has exchange value within or outside the activity. (HCO PL 19 Mar 72 II)

2. someone or something that has been brought into existence; the end result of a creation; something or someone who has been brought into existence. (HCO PL 7 Mar 72)

3. a product is a finished high quality service or article, in the hands of the being or group it serves, as an exchange for a valuable. That's a product. It's a finished high quality service or article in the hands of the consumer as an exchange for a valuable. In other words it isn't a product at all unless it's exchanged. Unless it's exchangeable it's not a product at all. Even the individual has to put his service or article in the hands of some other staff member before it could be called a product. Product is exchange, exchange is product. (ESTO 10, 7203CO5 SO II)

4. is a completed cycle of action which then can be represented as having been done. (FEBC 3, 7101C18 SO II)

5. the different products involved in production are: (1) establishing something that produces (product one), (2) operating that which produces in order to obtain a product (product two), (3) repairing or correcting that which produces (product three), (4) repairing or correcting that which is produced (product four). (HCO PL 29 Oct 70)