products and services

Products are tangible items or goods, like a car or a phone, that you can buy and own. Services are intangible actions or assistance provided by businesses, such as haircutting, tutoring, or software support. Both aim to meet your needs—products satisfy physical wants, while services offer expertise or help. Companies create products and offer services to solve problems, improve lives, or make tasks easier. Understanding the difference helps in choosing the right solution for your needs and helps businesses focus on delivering value through what they produce or provide.