Mainly two types of business found in India. First is goods based business, second is services based. Now it is not possible to divide from one to other, because goods/products needs services and services needs products/goods.
For better understanding we take an example. We have purchased a motorcycle, it is a product. But motorcycle manufacturing company has given you one year free services subscription.
On the other hand we have taken a DTH connection, this is service. The DTH box is a hardware which is a goods/product. So now a day it is quit impossible to bifurcate the both type of business.
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