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IBASE- Difference b/w Object component & Product Component

Hi,

I have been exploring the IBASE functionality in CRM. I understand that it is used to define the device/product installed at customer site.

I want to understand what is the difference between Object component & Product component? Which leads to my next question, that is what is the difference between product and object?
If someone can explain the difference with a small example, it would be very helpful.

 

Regards,

Shahrukh


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