A business that specialises in providing services is a service-based business.A company that sells goods is known as a product-based business. A product is something of value that a person can buy or make and then sell to other people.
A service is something of value that a person can perform for other people.based businesses charge customers for their services; the price is set by the business owner. The marketing of products to customers or individuals who are interested in the products is the focus of a product-based firm.Wholesalers are individuals or businesses that purchase goods in big quantities from a variety of different vendors and keep them in warehouses before selling them at a reduced price to smaller businesses, stores, or individuals. Wholesalers operate according to the business-to-business premise. They purchase from one company and trade with another.They occasionally also sell directly to consumers, but in both situations the costs are lower than those found in the market.
To know more about product visit:
https://brainly.com/question/28331405
#SPJ4
