Well, it actually depends what you've been told about what "multiplication" is. Multiplication should be closed, hence dot product is not a multiplication because the result is not a vector (unless you are using 1-dimensional vectors, sure, but the result is still not a vector.) Wedge (or outer, or cross) product is a delicate issue, because, well, it works as a product but to get it to be actually defined you get the generalisation (exterior algebras) and then they are also not closed (because the exterior algebra is different from the source algebra and is only the same dimension in a few cases)