Effectively managing and optimizing these product resources are critical for a business to succeed and grow. It involves strategic planning, market analysis, customer feedback, and continuous improvement to ensure that the products meet customer needs and remain competitive in the market.
it typically encompasses the tangible or intangible goods that a company manufactures, produces, or offers to its customers. These products are the core of the business and are designed to fulfill specific needs, solve problems, or provide value to the customers.