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Business 10, Lesson 20 – My Favourite Product Based Business

This week in class, I learned about product and service based businesses and their meanings.  In this essay I am going to talk about my favourite product based business.

Before I begin, I am going to briefly explain what product and service businesses are.  Product based businesses are businesses that sell tangible products to their customers (e.g. bookstores, stationary stores, clothing stores, etc.…).  Service based businesses are those that offer services to their customers (e.g. lawnmowers, pet groomers, electricians, etc.…).  There are also businesses that are product and service based.  The most common example I can think of are restaurants.

When it comes to shopping, I am not very picky.  However, my favourite and most frequented product based business is Kinokuniya.  For those that may not know, Kinokuniya is a Japanese bookstore chain that is spread across Asia.  There are also a few stores in the USA, but the majority of the physical locations are in Asia.

As you can see, product and service based businesses are everywhere.  Next time you go to the mall, try to see if you can find a service based business.  Odds are there are only one or two.

Thanks for reading!


Author: sophiaelahirpc

10th Grade student in the Ron Paul Curriculum. Full-time teen writer living in Singapore.

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