Entrepreneurship

JPNguyen
Wed, 07 Feb 2007 04:17:52 +0000

“Tangible asset, intangible…ring a bell”

Rings a bell back to intro to business 100 textbooks.

Hey Mr. Dictionary, try using a dictionary before you correct people.
Taken from the merriam webster dictionary:
“Product: 2 a (1) : something produced; especially : COMMODITY 1 (2) : something (as a service) that is marketed or sold as a commodity”

The funny thing is that I bet if you ask 100 lawyers what his/her product was, they “All” would say the services they render to a customer. And the funniest thing of all would be that they render more revenue per capita than you do. Last time I checked, when someone is the best lawyer in the world, he/she is a often called a “hot commodity.”

Which then brings me to define the word commodity for you:
Taken from the merriam webster dictionary:
“Commodity: 4 : a good or service whose wide availability typically leads to smaller profit margins and diminishes the importance of factors (as brand name) other than price.”

I rest my case Mr. Dictionary