A product is a value obtained by multiplying two or more numbers. For example, the product of 2 and 3 is 6, symbolized as 2X3=6, where 2 and 3 are called multipliers and 6 is called product. In mathematics, product is a very basic concept, as important as addition, subtraction, multiplication and division. The product has the following properties: multiplicative commutative law: axb=bXa multiplicative associative law: (axb)Xc=ax(bXc.