What does the term 'commercial product' mean in the context of FAR?

In the context of the Federal Acquisition Regulation (FAR), the term 'commercial product' refers to a product that is customarily used by the general public and is sold in the commercial marketplace. This definition emphasizes the nature of the product being widely available and applicable to non-governmental entities, which includes both businesses and consumers.

By classifying a product as a commercial product, it signifies that it meets the standard commercial practices, pricing structures, and distribution methods that are accessible to the general population. This designation is important in government contracting as it often simplifies the procurement process, allowing agencies to leverage existing commercial offerings rather than requiring unique solutions designed specifically for government needs.

The other options do not accurately reflect the FAR's definition of a commercial product. A product used exclusively by the government fails to embody the essence of commercial availability. Similarly, real property isn't included in this classification, as it typically refers to land and buildings rather than tangible products. Lastly, a product developed solely for government contracts would be categorized as a specialized product rather than a commercial one, emphasizing its specific use for government rather than the broader public marketplace.