# Product

### **Understanding the 'Product' Concept in Lavanda**

**1. Definition**: A product, in our context, is essentially the sellable item that guests select and purchase.

**2. Composition**:

* **Space**: This refers to either a specific unit or a unit type within our inventory.
* **Pricing Line**: The pricing structure can vary based on different durations such as nightly or calendar monthly rates.
* **Availability**: Whether the space for this product is available
* **Terms of Sale**: These dictate the conditions of the purchase and include elements like the cancellation policy.
* **Eligibility Criteria**: The product may have specific prerequisites for purchase such as:
  * Length of stay requirements
  * Contractual obligations
  * Down-payment details
  * Associated fees
  * Billing cycles

**3. Visibility**: The product is what guests encounter and interact with on various booking platforms. Whether they're navigating Lavanda's in-house booking engine or exploring external channels like Booking.com and Airbnb, it's the product they see and select.

{% hint style="info" %}
The commerce suite of APIs are to surface product options for potential guests to purchase, whereas the manage suite of APIs are for managing the product itself.
{% endhint %}


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