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Product
Product
VS
Service
What is
product?
Product is defined as anything that
can be offered to a market for
attention, acquisition, use, or
consumption and that might satisfy a
want or need. Products include
physical objects, and also services
such as persons, places,
organizations, ideas, or mixes of
these entities.
Credit : https://www.canva.com/design
What is
service?
“Any activity, benefits, or satisfaction
that party can offer to another that is
essentially intangible and does not
result in the ownership of anything.
Its production may or may not be
tied to a physical product.”
(Kotler, P. T., and Armstrong, G.,
2017).
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