Project OR Product with examples

What is the differenc between project and product ? give an example to both.

*->Project is done after getting the requirement from the customer and developing the module but the product is a ready one
A simple example.
Go to a sweet shop and buy a laddu, which is already made by the shop, that is product. Go to the shop and order him for a laddu as per your requirements like

what is the required quantity, sugar content, color, number of laddus etc.. that is a project.

*->project is something which is developed based on the customerrequirements and used by tat particular customer only.
ex marraige laddu

whereas product is developed based on the companys specifications and used by multiple customers
ex pulla reddy sweets,tirupathi laddu, Anand Bhavan Sweets
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*->project means=> If the requirements are given by the customer then it is called project.
product means=>If the requirements are given by the vendor then it is called product.

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*->The product is done for the multiple user and the requirements are as per the vendor company keeping in mind the market demands.Where as the project is done
for the single user and the requirements are gathered from the clients and the vendor company will reach the client expectations as per the given information.
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sanity test:it is conducted when we recieve a build to valdate the basic functionality.
smoke test:it is conducted before release a build to valdate the basic functionality.