Step 1: Recall Wittig reaction.
Wittig reaction involves reaction of an aldehyde/ketone with a phosphonium ylide to form an alkene (olefin).
Step 2: General reaction.
\[
RCHO + Ph_3P=CHR' \rightarrow RCH=CHR' + Ph_3P=O
\]
Step 3: Product type.
The carbonyl oxygen is removed and replaced by a C=C bond, so an olefin (alkene) is formed.
Final Answer:
\[
\boxed{\text{(C) olefin compound}}
\]