mass-market product; popularly priced item
Refers to goods that are widely available and affordable, as opposed to luxury or premium items. Often used in contrast with 高級品.
This store carries everything from mass-market products to luxury goods.
大衆品 also means products for the general public, but 普及品 emphasizes wide distribution and affordability.
Compound of 普及 (ふきゅう, 'spread, diffusion') and 品 (ひん, 'goods, article').