A product is a tangible item that is put on the market for acquisition, attention, or consumption. A service is the production of an essentially intangible benefit, either in its own right or as a significant element of a tangible product, which through some form of exchange, satisfies an identified need.
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Answer:
A product is a tangible item that is put on the market for acquisition, attention, or consumption. A service is the production of an essentially intangible benefit, either in its own right or as a significant element of a tangible product, which through some form of exchange, satisfies an identified need.