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Product development company is one which develops its own products and markets them. Where as IT services company is one which is based on projects from various government or non-government organizations. e.g. Oracle, Microsoft, Symantec are product companies where as Wipro, TCS and Infosys are IT services companies

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Q: What are the purposes of Product Development and IT Services Companies?
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What is service product development?

It is the development of new or existing services. Services are in fact products. Goods and services are two types of product.


What are Marketing Companies?

Marketing companies are managements and organizations that work with services that create concepts for the customer. Marketers identify the development of the product, determine the cost, select the distribution of the product to the customer, develop a persuasive promotional strategy that lures customers in, and fulfills the demands of the costumers needs.


What is the difference between product development and service development?

Product based company will be involved in the development of Product like a Telecom Product or Billing Product etc., Microsoft is a Product based company.Service Based company will be involved in the development of Application which will used to serve the various sectors such as Insurance, Health care, Retail, Banking etc., There are lot of Service based companies such as TCS, Wipro, Satyam etc.,


How can firms satisfy a customers need?

Needs of the customers can be satisfied by delivering them the valuable products in terms of physical product and after sales services. these product and services must be provided after conducting research& development program.


How companies differentiate and position their products for maximum competitive advantage Answer?

the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.

Related questions

What is service product development?

It is the development of new or existing services. Services are in fact products. Goods and services are two types of product.


Which is the Iot Based Companies in India?

Looking for Iot Based Companies in India? Coredata is the provide the Iot Based Companies in India. CoreData has a team of experienced professionals involved in product customization which includes electronics system design & development, software development and IT Services.


What is production development?

It is the development of new or existing services. Services are in fact products. Goods and services are two types of product.


What is serviceable development?

It is the development of new or existing services. Services are in fact products. Goods and services are two types of product.


What are Marketing Companies?

Marketing companies are managements and organizations that work with services that create concepts for the customer. Marketers identify the development of the product, determine the cost, select the distribution of the product to the customer, develop a persuasive promotional strategy that lures customers in, and fulfills the demands of the costumers needs.


Product Development companies?

Product Development Comapnies are businesses that exist to help other companies develop new products. Bressler Group, SGW Designworks, Synapse, and others are hired by businesses of all sizes to go from concept, through desiogn, prototyping, engineeing, and finally into production.


Difference beteween a product development company and IT service company?

Product based company is one which develops the its own products like hardware monitors , keyboard etc . Product based company uses there own idea to introduce theire product and they work on them from scratch to product. whereas Project based companies provides services to those products or to projects which were developed by other companies.


Is symphony services is an IT product company or service company?

Service company. Offshore product development sector


How do companies providing Linux make money?

Companies that offer free Linux distributions commonly make money by providing optional paid services and support, and/or through donations from private or corporate customers interested in the continued development of the product.


What does a service company do?

Services companies will help in product designing to manufacturing but they wount build the product.... example Pricol Technologies offers engineering design services not manufacturing...


How companies differentiate and position their product for maximum competitive advantage?

the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.


What is the difference between product development and service development?

Product based company will be involved in the development of Product like a Telecom Product or Billing Product etc., Microsoft is a Product based company.Service Based company will be involved in the development of Application which will used to serve the various sectors such as Insurance, Health care, Retail, Banking etc., There are lot of Service based companies such as TCS, Wipro, Satyam etc.,