Difference between Product Base and Service Base

Hello Friends,
One person ask me about my company that your company is product base or service base. Please any one tell me the difference between Product Base and Service Base.I am confuse between them help me.

Hi,

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.,

There are also certain companies which will involve in both the Product development and also in the IT enabled services.

Regards,
Ganesan

Hi Bhushan,

[B]Product based company:[/B]
The company which will have their own products .These products are used by the other companies by paying money to this companies.
As sridhar ganeshan suggested Microsoft is a product based company


[B]Service Based Company:[/B]
These companies depend on the clients.Means that,they will develop a product or an application for the other companies. Ex:Sapient corporation,Accenture,TCS etc....

Please correct me if i am wrong

Regards,
Krishna.