ICSE Class 10 Commerce 2023 Solved Papers
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Question : 36
Total: 39
Mention five points of distinction between a Product and a Service.
Solution:
| Product | Service |
|---|---|
| 1. It is fully tangible can be touched and standardized. | It is intangible cannot be touched and standardized. |
| 2. It can be stored for use in future. | It cannot be stored for use in future. |
| 3. It can be transferred. | It cannot be transferred. |
| 4. It is fully separable, remote transactions are possible. | It is not separable, remote transactions usually not possible. |
| 5. It increase costs and resticts sales. | It increase customer delight. |
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