Final answer:
The product is a license management tool used for managing volume licensing for software like Microsoft Office or Microsoft Excel, enabling employee access company-wide.
Step-by-step explanation:
The product being referred to in the question is a type of license management tool that uses a company product key to allow hundreds of employees to access the same software. This is common in environments where software such as database user interface and query software like Microsoft Access, electronic mail software, office suite software like Microsoft Office, operating system software like Microsoft Windows, and spreadsheet software like Microsoft Excel are used company-wide. These types of software often operate under volume licensing, which provides a cost-effective way for organizations to ensure all their employees have access to the necessary tools for their work.