Answer:
1. A product is the item offered for sale. A product can be a service or an item. ... A product needs to be communicated: Users and potential users must know why they need to use it, what benefits they can derive from it, and what it does difference it does to their lives.
2. The product should be able to fulfill the consumer's needs or desires; be manufactured and sold for the right price that is profitable; have an established market opportunity; and pass safety, environmental, legal and performance expectations and standards.
3.?
4. Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.
