Definition
Something created by an organization, through a development team that is offered to provide benefits to the market/ consumer is called a product. It can be anything from a physical entity, to an idea/patent, or a consumer service.
Further Reading
Definition
Hierarchy forms the structure of an organization. The chain of responsibility ascends from the bottom to the top, with employees often reporting to a manager/ supervisor. Its’ importance is debated in Scrum, with several cases being against it’s inclusion in management and organizations.
Further Reading.
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