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92 Types of Product

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Products are physical goods that sold to be used directly. This can be contrasted with materials, parts, components and ingredients that aren't used directly and services that are based on intangible value. Products are intended to fulfill a customer need where a customer can be a consumer, business, organization or government. The following are common types of product.
Agricultural equipment
Aircraft
Antiques
Art supplies
Audio equipment
Baby products
Backpacks
Baked goods
Bath products
Beauty products
Bedding & linens
Beverages
Bicycles
Books
Building materials
Candy & confectionery
Cleaning equipment
Cleaning supplies
Collectibles
Computers
Cosmetics
Costumes
Craft supplies
Cultural & traditional items
DIY supplies
Data storage devices
Decorations
Desserts
Dinnerware
Educational & training materials
Electronics
Energy systems
Eyewear & sunglasses
Fabric
Fashion & accessories
Fitness products
Food
Footwear
Furniture
Games
Gardening supplies
Gourmet Foods
Handbags
Hardware
Health & wellness
Health food & nutrition
Healthcare equipment
Heating, cooling & air quality
Home appliances
Home automation
Home improvement
Industrial machinery
Industrial supplies
Jewelry
Kitchenware & cookware
Lab & scientific products
Lighting & fixtures
Luggage
Machines
Magazines
Media equipment
Medical devices
Medicine
Mobile devices
Networking equipment
Office furniture & equipment
Office supplies
Outdoor furniture
Outdoor gear
Packaging supplies
Paper products
Party supplies
Perfumes
Personal care products
Personal hygiene
Pet supplies
Robotics
Safety gear
Secondhand goods
Security systems
Ships and boats
Snacks
Software
Sporting goods
Stationery
Storage systems
Tools
Toys
Travel accessories
Vehicles
Video games
Wearable technology

Unsought Product

A product that has little or no demand. This can occur because the product is so innovative that customers don't understand it yet. It can also apply to products that fail to perk customer motivation such as a coffin.

Commodity

Products and services that customers view as undifferentiated. This means that customers buy on price alone and see no difference between products as long as they meet a minimum level of quality. Firms that produce a commodity have no influence over price and must accept market prices.

Customer Preferences

Products that appeal to customer preferences. This is a primary way to escape commodity pricing. For example, an artisanal food that commands a premium price because it appeals to customer preferences such as taste.

Convenience Products

Products and services that make the customer's life easier. Customers are often strongly motivated to save time and simplify. Convenience products include factors such as labor saving, time saving and things that are easy to use.

Niche Products

Products that target a small set of customer needs and preferences. This allows a product to be strongly differentiated in a crowded market. It may also allow a small business to avoid direct competition with larger firms.

Complimentary Goods

Products designed to compliment another product or service. This include things that directly work with another firm's products such as an accessory for a mobile device.

Premium

Goods and services that use social status and/or superior quality to command high prices.
Overview: Products
Type
Definition
Physical goods that are designed to be used directly.
Related Concepts
Next: Examples of Products
More about products:
Brown Goods
Business Goods
Capital Goods
Club Goods
Commodities
Common Goods
Common Resources
Complementary Goods
Consumer Discretionary
Consumer Durables
Consumer Goods
Consumer Products
Consumer Staples
Digital Goods
Durable Goods
Economic Goods
Experience Goods
Fashion Goods
Final Goods
Finished Goods
FMCG
Goods & Services
Inferior Good
Information Good
Intangible Goods
Intermediate Goods
Knowledge Product
Luxury Goods
Market Goods
Merit Good
Natural Resources
Necessity Goods
Perfect Substitute
Public Goods
Search Good
Social Goods
Soft Goods
Sporting Goods
Substitute Good
Superior Goods
Supplies
Unsought Goods
Veblen Goods
Virtual Goods
White Goods
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