a company that is focused on selling services is service-based business
another word sometimes used to mean a good is product
a company that is focused on selling goods is product-based business
an item of value that a person can buy or make and then sell to other people is product
something of value that a person can do for other people is service
Service bases business provides services to people at a cost, the cost is determined by the business owner While a product based business deals with selling of product to people or individual who is interested in the product.
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