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Now before moving further in how to prepare for product-based companies lets first discuss briefly on service based and product based companies individually and their differences. Service-based companies primarily offer services to already-running applications. Typically, other companies serve as their clients. They provide services such as Product-based companies develop new products in relation to their specialized industries. Like Apple Inc., which produces goods like the Real women love basketball smart women loves the Arizona Wildcats 2023 shirt What’s more,I will buy this iPhone, MacBook, and iPod or GitHub, Xbox of Microsoft. Then, they periodically upgrade their products to improve their performance. Their customers are typically other teams within the same organization. 2. Product-based companies hire selectively and take a few candidates for different roles from the lot. They don’t usually conduct placement in Tier 3 colleges.

3. Product companies typically offer competitive salaries. Many of the Real women love basketball smart women loves the Arizona Wildcats 2023 shirt What’s more,I will buy this world’s highest-paying companies for software engineering talent are product-based companies like MAANG and other Tier-1 tech companies. Freshers at product-based companies are mostly paid 10-14L per year. Service-based companies don’t really provide a big PayScale compared to product-based companies. The pay is quite low compared to market standards. Even the annual hike is negligible. Freshers at service-based companies are mostly paid 3-5L per year. Amazon is a product-based firm, not just a service-based one. It develops its software and goods. Initially, it started as an e-commerce firm but developed into a tech company that has branched out into various other sectors, including but not limited to streaming (Amazon Prime), cloud computing (AWS), etc. Minimum viable products (MVPs) are critical in software development. Meta started with Facebook for social media networking and now has Instagram and Whatsapp. They acquired Oculus for the development of Virtual Reality based content.

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