ENTREPRENEURSHIP

Detailed explanation-1: -There are three common types of businesses-sole proprietorship, partnership, and corporation-and each comes with its own set of advantages and disadvantages.

Detailed explanation-2: -At the heart of it, the main difference is that a product business sells physical, tangible objects, whereas a service business provides value through intangible skills, expertise and time. The marketing techniques and costs vary when you’re selling services versus selling products, as well.