The word 废品 (fèipǐn), meaning "waste product" or "scrap," is a standard Chinese compound noun formed through a modifier-head structure common in Mandarin. The first character, 废 (fèi), functions as an adjective meaning "useless," "wasted," or "discarded," which modifies the second character, 品 (pǐn), a noun meaning "item," "article," or "product." Thus, the combination literally translates to "wasted item," where the semantic relationship is straightforward: the modifier 废 describes the type or state of the head noun 品, creating a precise term for an object that is no longer functionally useful.