According to Michael Gerber of the E-Myth revisited,what is the difference between a product and commodity?

1 answer:

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Answer: A product is a raw material used to finished a good. A commodity is a finished good, already sold for people.

Explanation: A product and a commodity are normally confused by people, but the are different, while one is a raw material the other is the finished good.

Commodities can be in a easy way be substituted for another one.

Products are essential to make the good.

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