BY AJITESH CHOWDHURY
MBA-MM 1
* An organization (or organisation – see spelling differences) is a social entity that has a collective goal and is linked to an external environment. It is the collection of organs of scientific methods and artefacts of the al ammeter. The word is derived from the Greek word “organon”, itself derived from the better-known word “ergon”, which means "organ" – a compartment for a particular task. An organization is defined by the elements that are part of it (who belongs to the organization and who does not?), its communication (which elements communicate and how do they communicate?), its autonomy (which changes are executed autonomously by the organization or its elements?), and its rules of action compared to outside events (what causes an organization to act as a collective actor?).
* In general, the product is defined as a "thing produced by labour or effort" or the "result of an act or a process", and stems from the verb produce, from the Latin prōdūce(re) '(to) lead or bring forth'. Since 1575, the word "product" has referred to anything produced. Since 1695, the word has referred to "thing or things produced". In marketing, a product is anything that can be offered to a market that might satisfy a want or need. Commodities are usually raw materials such as metals and agricultural products, but a commodity can also be anything widely available in the open market. In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project.
PRODUCT can be classified as tangible or intangible. A tangible product is a physical object that can be perceived by touch such as a building, vehicle, gadget, or clothing. An intangible product is a product that can only be perceived indirectly such as an insurance policy.
For example: ITC limited has many diversified products, such as-
Cigarettes: W. D. & H. O. Wills, Gold