The relationship between a product and an offering can typically be described as follows:
- A product is a part of an offering.
An offering generally encompasses more than just the tangible product; it can include services, pricing, branding, customer support, and the overall experience that a customer receives. The product is a crucial component of the offering, but the offering itself may also include other elements that enhance the value delivered to the customer.
So, while a product and an offering are related, they are not the same thing.