MANAGEMENT

Detailed explanation-1: -Selling a service is vastly different than selling products. 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.

Detailed explanation-2: -Products are generally tangible items-something that your customers can physically hold in their hands. EXAMPLE: Your company sells branded swag and merchandise to other businesses. Services are typically intangible-something that you provide or perform for another person.

Detailed explanation-3: -Key Takeaways. Selling is a transaction where a good or service is being exchanged for money. It also refers to the process of persuading a person or organization to buy something. If you’re selling a product or service, you need to focus your selling efforts on communicating the benefits to the buyer.

Detailed explanation-4: -A service business is one that provides an intangible product, performed by a team or an individual. Examples would be accounting, plumbing, landscaping, and banking.