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court rank
level; grade
chapter; section; volume
「品」 has other readings with different meanings.
この店には珍しい品が多いよね。
This store has many rare items.
高価な品を買ってしまったんだ。
I ended up buying expensive goods.
品質の良い品を選ぶようにしてね。
Try to choose high-quality goods.