This document discusses the difference between products and services, with products being tangible items that customers can physically hold while services are intangible and involve performing or providing something for another person. It also lists three options for customers if a product is faulty - getting a full refund, getting a replacement of similar value if available, or keeping the faulty product but getting compensation for the difference in value compared to one in good condition.
This document discusses the difference between products and services, with products being tangible items that customers can physically hold while services are intangible and involve performing or providing something for another person. It also lists three options for customers if a product is faulty - getting a full refund, getting a replacement of similar value if available, or keeping the faulty product but getting compensation for the difference in value compared to one in good condition.
This document discusses the difference between products and services, with products being tangible items that customers can physically hold while services are intangible and involve performing or providing something for another person. It also lists three options for customers if a product is faulty - getting a full refund, getting a replacement of similar value if available, or keeping the faulty product but getting compensation for the difference in value compared to one in good condition.
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. 1.Get a full refund. 2.Get a replacement of similar type and value, if available, at no extra cost. 3.Keep the faulty product but get compensation for the difference in value compared with one in good condition.