PRODUCT SERVICES Meaning and
Definition
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Product services refer to a type of service that is provided to consumers as an extension of a physical product. While a product itself refers to a tangible, physical item that is available for purchase, product services go beyond the core offering to provide additional support, maintenance, or enhancement that is not intrinsic to the product alone.
Product services can take various forms, depending on the nature of the product and the specific needs and preferences of the consumers. These services may include warranty or guarantee provisions, installation or setup assistance, repair and maintenance services, technical or customer support, training programs, product customization, or even recurring subscriptions for ongoing updates or access to new features.
The goal of offering product services is to enhance the overall value and customer experience associated with a product. By providing additional services beyond the physical item, businesses aim to build customer loyalty, increase customer satisfaction, and differentiate themselves from competitors in the market. Product services can also act as a means of generating ongoing revenue streams for businesses through the provision of value-added services or subscriptions.
Overall, product services encompass the range of additional benefits, support, or enhancements that are provided to customers to enhance the value proposition of a physical product.
Common Misspellings for PRODUCT SERVICES
- product servics
- oroduct services
- lroduct services
- -roduct services
- 0roduct services
- peoduct services
- pdoduct services
- pfoduct services
- ptoduct services
- p5oduct services
- p4oduct services
- priduct services
- prkduct services
- prlduct services
- prpduct services
- pr0duct services
- pr9duct services
- prosuct services
- proxuct services
- procuct services
Etymology of PRODUCT SERVICES
The word "product services" is a combination of two separate terms.
1. Product: The term "product" originates from the Latin word "productus", which means "something produced". It entered the English language in the early 15th century and referred to something made or created by human effort or labor.
2. Services: The word "services" comes from the Old French word "servise", which is derived from the Latin word "servitium" meaning "slavery" or "servitude". Over time, it evolved to refer to the performance of labor or help provided to others.
When combined, "product services" refers to the offerings provided by businesses or entities, which can include both tangible goods (products) and the associated support or maintenance services.
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