Usage patterns
品がいいto be of good quality/refined
This suit is of fine quality.
品を切らすto run out of stock (of an item)
We ran out of stock of the popular item.
〈物〉の品を選ぶto choose an item (of a certain kind)
I chose the gift item for my mother.
高級な品a high-class/high-quality item
High-end items were lined up in the store.