The purpose of this comparison is to show the differences between two products. A template is a document that contains a standard set of items or fields that can be used for different types of documents. Templates are used in many different industries and can be found in any type of document such as contracts, invoices, and resumes. A product is a physical good or service that has been designed with the intention to satisfy needs or wants. Products are often created by companies to sell their goods and services.