ironmongery vs product

ironmongery and product both are nouns.

Word	Noun	Adjective	Verb	Adverb
ironmongery	Yes	No	No	No
product	Yes	No	No	No

As nouns, product is a hypernym of ironmongery; that is, product is a word with a broader meaning than ironmongery:

Other hypernyms of ironmongery include merchandise, ware.

ironmongery (noun)	product (noun)
the merchandise that is sold in an ironmonger's shop	an artifact that has been created by someone or some process
	items for sale to the individual consumer
	a quantity obtained by multiplication
	the set of elements common to two or more sets
	a consequence of someone's efforts or of a particular set of circumstances
	a chemical substance formed as a result of a chemical reaction