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  • Products & Services Guide - What's the Difference

    Hochgeladen von

    athul1991
    190 Ansichten8 Seiten
    The document discusses the key differences between products and services. Products are tangible goods that can be bought and owned, while services are intangible activities or processes that are consumed during delivery and cannot be owned. Some key differences are that products are homogeneous and can be stored, while services are heterogeneous and must be provided and consumed simultaneously since they cannot be stored. An aircraft is provided as an example of a product, while flying on an aircraft is given as an example of a service.

    Originalbeschreibung:

    Difference between products and services

    Originaltitel

    Difference between products and services

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    The document discusses the key differences between products and services. Products are tangible goods that can be bought and owned, while services are intangible activities or processes that are consumed during delivery and cannot be owned. Some key differences are that products are homogeneous and can be stored, while services are heterogeneous and must be provided and consumed simultaneously since they cannot be stored. An aircraft is provided as an example of a product, while flying on an aircraft is given as an example of a service.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als PPTX, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    190 Ansichten8 Seiten

    Products & Services Guide - What's the Difference

    Hochgeladen von

    athul1991
    The document discusses the key differences between products and services. Products are tangible goods that can be bought and owned, while services are intangible activities or processes that are consumed during delivery and cannot be owned. Some key differences are that products are homogeneous and can be stored, while services are heterogeneous and must be provided and consumed simultaneously since they cannot be stored. An aircraft is provided as an example of a product, while flying on an aircraft is given as an example of a service.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als PPTX, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 8

    Products And Services

    Product
    Product is a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers and is received in exchange for money or some other unit of value.

    Service
    A

    type of economic activity that is intangible, is not stored and does not result in ownership. A service is consumed at the point of sale. Services are one of the two key components of economics, the other being goods.

    Products V/S Services


    Products Tangible Can be bought Non-perishable Countable Can be owned Services Intangible Can be felt Perishable Not Countable Cannot be owned

    Continue..
    a

    product is concrete, service is an activity or a process while an aircraft is a product, flying to a particular destination is a service

    Eg:

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    Products

    are homogeneous while service are heterogeneous. : anybody producing a good can standardize the output. The quality of service depends on who, when and where the service is provided

    eg

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    Product and distribution of goods is separated from consumption. In services, production, distribution and consumption is simultaneous.

    Goods

    can be store while it is impossible to store services.

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