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Product based company will be involved in the development of Product like a Telecom Product or Billing Product etc., Microsoft is a Product based company.

Service Based company will be involved in the development of Application which will used to serve the various sectors such as Insurance, Health care, Retail, Banking etc., There are lot of Service based companies such as TCS, Wipro, Satyam etc.,

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Q: What is the difference between product development and service development?
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What is the difference between physical product n service product?

Following are the Difference between physical product and services product Physical product realiability aesthetics adaptability usability functionality approprateness Services Product friendliness safety biling responsiveness to requests appearance of physical facilities approachability of the service provider willing to listen to customer honesty and an ability to communicate in clear language


What is the difference between dealer and customer?

The dealer is the person selling a product / service or making deals with customers to sell some thing. The customer is the person buying the product / service.


What is service product development?

It is the development of new or existing services. Services are in fact products. Goods and services are two types of product.


What is the difference between Product retailing and service retailing from point of view of retail marketing?

Product retailing is when a company sells a product that can come from a manufacturer, the store selling the item only sells it does not have a relationship with the consumer. Service retailing is selling a service such as cleaning a house or repairing a car, a relationship is built between the customer and the service provider. When marketing a product the marketer has to show that the product is desirable to the consumer, whereas when marketing a retail service it is a relationship that is being promoted not just a single transaction.


What is the difference between product marketing vs service marketing?

Product marketing and service marketing are different in some ways. With service marketing, it's about relationship and value, and the buyer is purchasing something that is intangible, whereas with product, the buyer is purchasing an item that is tangible. Product marketing is based on a reputation of the quality of product, unlike service marketing, which is mainly based on a reputation from word of mouth. Something else that differentiates the two is that products are returnable, services aren't.

Related questions

What is the difference between exporting a product and exporting a service?

product is tangible and service is intangible.


What is the difference between producersconsmers?

Im guessing you mean the difference between producers and consumers. Producers make a product or give a service, and consumers purchase, a service or product.


What is the difference between service organization and manufacturing organization?

A service organization's end product is a service. A manufacturing organization's end product is a product.


Difference between product quality and service quality?

Product quality is the way a product performs. While service quality is how well an experience was when shopping for, buying, using a product or service.


Difference between products and services?

product is tangible and service is intangible.


Difference between Product promotion and service promotion?

They are very similar but in product promotion you describe the benefits of using a product and how it will improve your life. In service promotion you describe the value and benefits of opting in to a service. There isn't much of a difference except one is tangible and the other intangible.


What is the difference between physical product n service product?

Following are the Difference between physical product and services product Physical product realiability aesthetics adaptability usability functionality approprateness Services Product friendliness safety biling responsiveness to requests appearance of physical facilities approachability of the service provider willing to listen to customer honesty and an ability to communicate in clear language


Is symphony services is an IT product company or service company?

Service company. Offshore product development sector


What is the difference between dealer and customer?

The dealer is the person selling a product / service or making deals with customers to sell some thing. The customer is the person buying the product / service.


Difference between retail and hospitality?

Retail provides a product for sale. Hospitality provides a service for sale


What is service product development?

It is the development of new or existing services. Services are in fact products. Goods and services are two types of product.


What is the difference between customer delight and customer service?

•difference between service and delight