Is there a single word that can represent the phrase "product or service" as in this sentence:
Companies won't succeed unless they can provide a wanted product or service at a fair price.
Is there a single word that can represent the phrase "product or service" as in this sentence:
Companies won't succeed unless they can provide a wanted product or service at a fair price.
Offerings works quite well.
a thing produced or manufactured for entertainment or sale. –Google
"Companies won't succeed unless they can provide their offerings at a fair price."
Products
, or product
for the sentence in question, should be the accepted answer since product
includes both products & services and is just a common misnomer to think it just includes tangible goods.
By the definition used in economics, products include services! Not all products have to be tangible goods. It is perfectly acceptable to say, for example, that a haircut is a product of a barbershop.
Good, but that seems to be more of a product and less of a service.
'produce wanted goods' sounds not bad.
In Canada the term chosen to describe the scope of a Federal tax was "Goods and Services Tax" (GST). The same choice of words is used by the Antipodeans.
About the closest I've found is - solution. Companies won't succeed unless they can provide a solution at a fair price.
The other candidate is - proposition. Companies won't succeed unless their proposition is at a fair price.
I'd suggest "output" as a general term which may refer to physical products or services altogether.
Companies won't succeed unless they can provide a wanted product or service at a fair price.
You could replace the phrase "provide a wanted product or service" with "meet a market demand". The phrase "market demand" can be seen as covering both products and services. As amended, it would be:
Companies won't succeed unless they can meet a market demand at a fair price.
In some circumstances it might be better to use 'products' to refer to both goods and services, and use a word like 'goods' when you want to be specific about referring to physical commodities being sold.
Some other suggestions not mentioned in other answers: