A product is a basic unit of consumption in CloudPortal Business Manager. Every product has a utility or unit price associated with it. Every product has a name, a unique code (to identify it uniquely) and a description that helps the consumer understand the product better. Each product has a unit of measure which is the unit at which this product is charged for consumption and a set of mediation rules that help CloudPortal Business Manager classify usage into the various products defined for a particular service.
The service provider may or may not explicitly provision resources based on the roles. Sometimes a particular usage, that is not explicitly defined, gets accrued in conjunction with the use of a product and can, therefore, be charged to the customer. A product is created for anything a service provider wishes to charge a different price. Also, products are defined for a specific instance of a service.