The significance of services can be understood with the help of the following points:
1. Upward Trend in the Disposable Income
Over the past ten years,...
Generally, organizational products comprise both goods and services. As depicted in the figure below, according to the goods-services continuum, products may possess either tangible...
Services can be classified on the basis of the following factors:
1. By Market Segment
As the needs and requirements of different markets are not homogeneous,...
There is a marked difference between goods and services, evident through their distinct features. Goods refer to tangible items that can be touched, demonstrated,...
The term ‘services’ refers to various economic activities that are not directly associated with agriculture, mining, or the manufacturing/production of goods. Services encompass the...
Services are provided by a seller to a buyer in exchange for money, constituting an economic activity. However, this transaction does not confer ownership...