Recently I was asked this question and tried to really find some right definition on the web but I reached no where. Please help me in getting an answer to this.
The best answer I know today is Product is a software that you sell and no customization while Service is built to be sold with customizations as per the requirements. Just like a MS Office Software is a product and SAP is a service.
I will really appreciate your comments!
HERE IS THE OUTCOME OF THE DISCUSSION:
http://www.linkedin.com/answers/technology/software-development/TCH_SFT/710030-7689406
discuss-rohit-prabhakar
