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What Are the Two Classifications of Business Products

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What are the two classifications of business products?


Definitions:

License

A permit or authorization granted by a competent authority or the owner to use a particular property, asset, or intellectual property under certain conditions.

Produce

The act of creating, manufacturing, or growing goods, often in relation to agriculture or manufacturing sectors.

Land

A natural resource encompassing the earth's surface, both the soil and the underlying geology, as well as the attached rights and interests.

Tenant

An individual or organization that occupies land or property rented from a landlord.

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