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Hybrid

                Hybrid business is a mix of two or more different types of businesses. It can be in service or manufacturing or
              merchandising or all of these. It does business in the form of goods and services. For example, a restaurant is
              in manufacturing by preparing a ready to eat food in the form of fine dining. At the same time, it works as a
              merchandiser by selling beverages with the fine meals. It also provides services by serving home deliveries through
              online or offline orders.

              Let us understand this with the help of a case study given below:
                 • Sarah's Boutique
                 Sarah  started  a  small  boutique  selling  handmade  jewelry  and
                accessories. Initially, she operated from  a physical storefront
                in  her local community. As her business grew, Sarah expanded
                online, leveraging e-commerce platforms  and social media
                to  reach  a  wider  audience.  She  diversified  her  product  range
                based on customer feedback and market trends. By maintaining
                quality craftsmanship and personalized customer service, Sarah's
                Boutique  established a  loyal customer  base both  offline and
                online.

              Difference between Product Business and Service Business

                     Factors                   Product Business                          Service Business
                                   Product can be seen and touched. Customer  Service cannot be seen or touched.
               Seen and Touched
                                   pays for physical exchange of things.      Customers here pay for an experience.
                                                                              A service, for example, cutting hair,
                                   A product can be stored in a shop or a
               Stored                                                         cannot be stored. Service is provided
                                   warehouse (usually).
                                                                              when a customer asks for it.
                                   A product can be made either at home or in  A service cannot be made or
               Made and            a factory. After production, it is transported  transported. It is provided to the
               Transported
                                   to different places where shopkeepers sell it.  customer at the time of delivery.

               Same quantity       The quality and quantity of the product will   The quality and quantity of a service can
               and quality         be the same every time.                    be different at different times.



                         Reboot


                    1.   Explain any two types of business.



                    2.   What is hybrid business?

                    3.   What do you mean by "service" in business?








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