Product/s is a good, object or service created as a result of a process and serves a need or satisfies a want. This is the result or output of manufacturing or production process. It is tangible items because you can touched and use them such as furniture, appliances, electronic devices, etc. The product/s can be bought and owned by the consumers.
Service/s is intangible products such as accounting, banking, cleaning, consultancy, education insurance expense, medical treatment, or transportation. Sometimes services are difficult to identify because they are closely associated with a good; such as the combination of a diagnosis with the administration of a medicine. No transfer of possession or ownership takes place when services are sold, and they cannot be stored or transported, are instantly perishable, and come into existence at the time they are bought and consumed.
Examples of Products
Examples of Services
Video about Products and Services
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