Advertisements
Advertisements
Question
On the basis of ownership, distinguish between a product and a service.
Solution
| Basis of Distinction | Product | Service |
| Ownership | It can be transferred easily. For example, when you buy a car the ownership of the car is transferred from the seller to you. | Ownership of services cannot be transferred. |
APPEARS IN
RELATED QUESTIONS
Standardised products are ______ in nature.
List any two features of a Service.
Which of the following is not a services?
What is the basic property of a service which makes it different from a product.
A ______ is technology based whereas a ______ is person-based.
A ______ is an intangible product involving a deed, a performance or an effort that cannot be stored or physically possessed.
______ makes a service different from a product.
______ means exchange of a product, or service between a buyer and a seller while ______ means all the activities involved in planning, pricing, promoting and distributing want satisfying products and services.
"Services are not homogeneous". Justify with reason.
Distinguish clearly between products and services, giving examples.
