Business Studies, asked by akshitagupta1984, 1 month ago

Difference between products and services?​

Answers

Answered by sriganduri143
2

Answer:

A product is a tangible item that is put on the market for acquisition, attention, or consumption, while a service is an intangible item, which arises from the output of one or more individuals. ... In most cases services are intangible, but products are not always tangible

Explanation:

Products are tangible – they are physical in nature such that they can be touched, smelled, felt and even seen. Services are intangible and they can only be felt not seen. ... For example, fresh farm and other food products are perishable and these can also be stored for later use or sale

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