Product Definition

In general, the product is defined as a "thing produced by labor or effort or the "result of an act or a process"

Product Classification
Tangible Intangible

Product Management
Product management is an organizational lifecycle function within a company dealing with the planning, forecasting, or marketing of a product or products at all stages of the product lifecycle

Product Lifecycle Management

Product life-cycle management is the succession of strategies used by business management as a product goes through its life-cycle. The conditions in which a product is sold (advertising, saturation) changes over time and must be managed as it moves through its succession of stages. e.g. Coca Cola and Pepsi, may not experience a decline.