Explanation:

The statement "Both the solubility product and ionic product are applicable to all types of solutions" is false.

Solubility Product:
The solubility product (Ksp) is a specific type of equilibrium constant that is used to describe the dissolution of a sparingly soluble salt in water. It represents the equilibrium between the solid salt and its dissociated ions in a saturated solution. The solubility product is only applicable to sparingly soluble salts and does not apply to all types of solutions.

Ionic Product:
The ionic product (Q) is a general term used to describe the product of the concentrations (or activities) of the ions in a solution. It is similar to the solubility product, but it is not limited to sparingly soluble salts. The ionic product can be used to determine the extent of ionization in a solution, regardless of whether the solute is a sparingly soluble salt or a strong electrolyte. However, it is important to note that the ionic product is not a constant like the solubility product.

Differences:
1. Applicability: The solubility product is only applicable to sparingly soluble salts, while the ionic product can be used for any type of solution.
2. Equilibrium Constant: The solubility product is a specific type of equilibrium constant, while the ionic product is not a constant but a measure of the ion concentrations in a solution.
3. Calculation: The solubility product is calculated based on the concentrations of the dissociated ions at equilibrium, while the ionic product can be calculated at any point in the reaction.

In conclusion, the solubility product and ionic product are not applicable to all types of solutions. The solubility product is specific to sparingly soluble salts, while the ionic product can be used for any type of solution.