A "product" may or may not be something physical (an object you can touch). True False

## Step 1The term "product" in business refers to anything that can be offered to a market to satisfy a want or need. This can include physical goods, services, events, persons, places, organizations, information, and ideas.## Step 2Therefore, a product is not limited to physical objects. It can also be intangible, such as services or ideas.## Step 3Given this understanding, the statement "A 'product' may or may not be something physical (an object you can touch)" is true.