What is the product or service?
The product or service refers to the physical or intangible offering that a company or individual provides to the market for the purpose of satisfying a need or a desire. It can range from basic commodities such as food and clothing to sophisticated machinery and complex software programs. On the other hand, services are activities that individuals or organizations perform for the benefit of others, such as consulting, banking, and healthcare services. The product or service is the core offering of any business, and its quality, availability, and value determine its success in the marketplace.
This mind map was published on 16 May 2023 and has been viewed 97 times.
