What is product business and service business?
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Product vs Service Business
The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product.
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Product Business is exchange if goods.
in simple language if u will give money u will get something(material) in return.
Service Business is u will get services
like if u give money to the taxi driver he will drop u where u want.He will not give u any material.
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