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9 October, 19:16

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

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  1. 9 October, 22:12
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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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