Difference between revisions of "Product"

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(Service vs product)
(Service vs product)
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*[[Service]] is what the [[service consumer]] orders and gets; this is only a part of what the [[service provider]] produces.
 
*[[Service]] is what the [[service consumer]] orders and gets; this is only a part of what the [[service provider]] produces.
 
*''Product'' is what the [[service provider]] produces in order to provide the [[service consumer]] with the ordered service. One service is a result of one or more service-making products.
 
*''Product'' is what the [[service provider]] produces in order to provide the [[service consumer]] with the ordered service. One service is a result of one or more service-making products.
However, the usage of these two terms, ''product'' and [[service]] is not consistent throughout various industries and geographic areas. In [[marketing]], generally, a term, [[service]], refers to a ''product''.
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However, the usage of these two terms, ''product'' and [[service]] is not consistent throughout various industries and geographic areas. In [[marketing]], a term, [[service]], generally refers to a ''product''.

Revision as of 13:59, 30 December 2020

Literally, product is anything that is produced. This term has a wide range of applications:

Marketable vs work product

A marketable is anything that is offered on the market for sale. Usually, but not necessarily, a marketable is a work product. On another side, a work product is any output from a process. A work product may be offered on the market or be consumed internally.

Service vs product

In service management,

However, the usage of these two terms, product and service is not consistent throughout various industries and geographic areas. In marketing, a term, service, generally refers to a product.