What are the two types of product-based businesses?
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Products are commonly categorized as business-to-business (B2B) or business-to-consumer (B2C) based on which type of customer they serve. Or we can say, product based business is a type of business that sells actual physical products. For example: clothes, Machines, boxes, tools etc. Product based business involves manufacturing and selling products in the market. It requires a lot of hard work and dedication for starting up a product based business.
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