What is marketable product in SAP FS-PRO - SAP Product Management?

SAP Term: marketable product

• Component: FS-PRO

• Component Name: SAP Product Management

• Description: An insurance product that is distinct and saleable, such as Professional Liability, and defined by the values contained in its components. These components represent the forms, rating rules, and questionnaires that are specific to the product.

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• Key Concepts: 
  A marketable product is a product that is available for sale in the market. It is a product that has been developed and tested to meet customer needs and is ready to be sold. In the FS-PRO SAP Product Management component, marketable products are managed through the Product Lifecycle Management (PLM) process. 
  
  How to use it: 
  In FS-PRO SAP Product Management, marketable products are managed through the PLM process. This process includes the development of a product concept, the design of the product, the testing of the product, and the launch of the product into the market. The PLM process also includes ongoing management of the product throughout its lifecycle. 
  
  Tips & Tricks: 
  When managing marketable products in FS-PRO SAP Product Management, it is important to ensure that all aspects of the PLM process are completed in a timely manner. This includes ensuring that all customer requirements are met and that all tests are completed successfully before launching the product into the market. 
  
  Related Information: 
  For more information on managing marketable products in FS-PRO SAP Product Management, please refer to the official SAP documentation.