The difference between a product and a service is that a product is a bundle of output while a service is a bundle of supplementary services.

Question

Quizplus · Accepted Answer

The statement is not correct. A product is a tangible object that can be touched or experienced physically, while a service is an intangible action performed by one party for another party. Services may include supplementary services, but they are not a defining characteristic of a service.

The Difference Between a Product and a Service Is That