Home > Glossary > Product Specification

Meaning / Definition of

Product Specification

Categories: Economics,

A detailed list of the characteristics that identify an individual sampled product. Its purpose is to ensure that a consistent price is collected from period to period relating to a consistent product with the same terms of sale in each period. Hence, the characteristics listed cover both the product (name, serial number, description, etc.) and the transaction (class of customer, size of shipment, discounts, payment terms, delivery details, etc.).

Featured term of the day

Definition / Meaning of

Sublimit

Categories: Insurance, Business and Management,

removed

Most popular terms

1. Equitable Estoppel
2. Hand
3. Statute Of Limitations
4. EBIDTA
5. Ordinance Or Law Coverage
6. Unconscious Bias
7. Dilution
8. Custodial Account
9. 403(b)
10. Fronting

Search a term

Keyword:

Browse by alphabet

ABCDEFG
HIJKLMN
OPQRSTU
VWXYZ#

Browse by category

Accounting
Banking
Bankruptcy Assistance
Bonds and Treasuries
Brokerages
Business and Management
Compliance and Governance
Credit and Debt
E-commerce
Economics
Estate Planning
Forex
Fraud
Fundamental Analysis
Futures
Global
Insurance
International Trade
Investing and Trading
Ipos
Legal
Loan and Mortgage
Mergers and Acquisitions
Mutual Funds
Operation and Production
Options
Patent
Personnel Management
Real Estate
Retirement and Pension
Statistics and Risk Management
Stocks
Strategies
Tax
Technical Analysis
Venture Capital