Step 1: Identify the prime numbers less than 20.
The prime numbers less than 20 are:
\[
2, 3, 5, 7, 11, 13, 17, 19
\]
Step 2: Calculate the product of these prime numbers.
The product of these primes is:
\[
2 \times 3 \times 5 \times 7 \times 11 \times 13 \times 17 \times 19 = 232792560
\]
Step 3: Approximate the product in terms of powers of 10.
We approximate \( 232792560 \) to the nearest power of 10. Since \( 232792560 \approx 2.33 \times 10^8 \), we choose the closest option, which is \( 10^7 \).
\[
\boxed{10^7}
\]