A product is any item, whether tangible or intangible, that is created, developed, or manufactured to fulfill a specific need or want and can be sold or distributed to consumers or businesses. This includes [[physical product|physical products]] like electronics and clothing, as well as [[digital product|digital products]] like software and applications, which provide specific functionalities or solutions. A product, whether tangible like electronics or intangible like software, is an item created to fulfill a need and can be owned, whereas a [[service]] is an intangible activity or benefit consumed at the point of delivery without resulting in ownership.