What are the differences and explanations between products and services?

What are the differences and explanations between products and services?

Definition and Explanation of Products and Services

Definition and Explanation of Product

The product which has a physical existence, tangibility, taste weight, fragrance that is able to fill up the needs, and wants contenting of a people is called product/goods. The product can be touched or seen. Because it has a physical existence. The product can be stored or preserved for a longer period of time. Firstly, the product is produced and then it is consumed or used. In the product, the elements of the marketing mix are the product, price, place, and promotion.Examples:-tv fridge,car etc.

Definition and Explanation of Service

Service which is intangible and untouchable only helpful and useful that is able to fill up the needs and wants of men is called service. Service can not be seen or touched. Because it has no physical existence. Service is impossible to separate from a person. Service can not display for public attraction. Service ownership changing is impossible. Examples:-doctors service, law service, etc

Key Difference points of products and service

1.Tangibility

2.Inseparateablity

3.Variability

4.Perishability

5.Distribution Channel

6.The Number of Middlemen

7.Storing

8.Ownership Transfer

9.Taste, Weight, And Fragrance

10.Consumer Personal Presence

11.Production And Consumption

12.Display in Shelf

13.Value

14.Quality Control

15.Marketing System

16.Marketing Mix

17.Dependency

18.Examples

What are the differences and explanations between product and service?

Key Differences Explanations

1.Tangibility: The product can be touched or seen. Because it has a physical existence. On the other hand, service can not be seen or touched. Because it has no physical existence.

2.Inseparateablity: The product can be separated from the producer or seller. But service is impossible to separate from a person.

3.Variability: There is no variability in the same product quality. On the other hand, service is different from the same person quality.

4.Perishability: The product has no perishability. It is permanent in nature. But, service is perishability and duration is limited.

5.Distribution Channel: The product distribution channel is longer. On the other hand, The service distribution channel is very small

6.The Number of Middlemen: Generally, the number of middlemen is used in large. In the service area, there is a smaller number of middlemen used.

7.Storing: The product can be stored or preserved for a longer period of time. But service can not be stored or reserved for a time.

8.Ownership Transfer: Product ownership can change at any time. Service ownership changing is impossible.

9.Taste, Weight, And Fragrance: There have taste, weight, and fragrance of a product. There have no taste, weight, and fragrance of service.

10.Examples:Examples:-tv fridge,car etc. On the other hand, doctors service, law service, etc

The differences and explanations between products and services:-

Products/Goods	Services
The product which has a physical existence, tangibility, taste weight, fragrance that is able to fill up the needs and wants contenting of a people is called product/goods.	Service which is intangible and untouchable only helpful and useful that is able to fill up the needs and wants of men is called service.
The product can be touched or seen. Because it has a physical existence.	Service can not be seen or touched. Because it has no physical existence.
The product can be separated from producer or seller.	But service is impossible to separate from a person.
There is no variability in the same product quality.	Service is different from the same person's quality.
Product has no perishability. It is permanent in nature.	Service is perishability and duration is limited.
The product distribution channel is longer.	The service distribution channel is very small.
Generally, the number of middlemen is used in large.	In this area, there is a smaller number of middlemen used.
The product can be stored or preserved for a longer period of time.	But service can not be stored or reserved for a time.
Product ownership can change at any time.	Service ownership changing is impossible.
There have taste, weight, and fragrance of a product.	There have no taste, weight, and fragrance of service.
Firstly, the product is produced and then it is consumed or used.	Production and consumption are going at the same time for service.
The product can be displayed for public attention	Service can not display for public attraction.
The value of the same product does not differ largely.	But service value differs from the same person's quality.
In the product, the elements of the marketing mix are the product, price, place, and promotion.	There are 7 marketing mix elements in the service.
The quality of the product is controlled very strongly.	But the service quality is not controlled strongly.
Product promotion is very easy.	Service promotion is so difficult.
Without service, the product can't be imagined	The product can not create service.
Examples:-tv fridge,car etc.	Examples:-doctors service, law service etc

Conclusion: The product which has a physical existence, tangibility, taste weight, fragrance that is able to fill up the needs, and wants contenting of a people is called product/goods. On the other hand, Service which is intangible and untouchable only helpful and useful that is able to fill up the needs and wants of men is called service. But they are interrelated to each other.

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