Product

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Preferred Term Product
Definition That which you produce.
Acronym
Explanation In the Service Dominant logic of the 21st century, a service provider produces a service. Therefore, in service management, the service is the product of the service provider. The goods component of this service is often still called 'product'.

In traditional Goods-Dominant logic of the previous century, the product was the goods you produced. In Goods-Dominant logic, 'service' was merely after-sales support. In USM, the term 'product' is only used for what the service provider produces: the service.

Alternative Term (Synonym)


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Modification Date 2024-10-19 10:53:42
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