What is productivity software?

Answer 1

"Definition of Software product business"

• Company develops the Intellectual property and owns it
• Entire branding of the product is the responsibility of the company
• Company sells the product to customers i.e. consumer, enterprise or SMB directly or through channel\distributor\reseller partners
• The product caters not to a single problem or customer but to a larger base of customers with similar problem with minimum customization
  
• Investment for IP development can be from various investor sources but the company makes revenue only after the initial gestation period
• Revenue cycle is a typical S-Curve where in the returns of the investment is maximum after 5 or more years (Traditional software). The time period changes depending on the software and mode of deliver (Licence, SaaS etc.)

Answer 2

Production is the final environment in your software development process. It is the work that it ready to be publicly available, and only the most thoroughly tested code should end up here. While most people associate the production environment with the product being live, this is not necessarily the case.