EduPepper - Helping Students with Free Study Material

Classification of Services

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 homogenous, the services are different for different market segments. The following types of services are …

Read more

Goods Versus Services: The Differences

There is a lot of difference between goods and services, and it can be seen through the difference between their various significant features. Goods refer to tangible items that can be touched and demonstrated; they are fascinating and can be …

Read more

Characteristics of Services

Different types of economic activities that are not directly involved in agriculture, mining, or manufacturing/production of goods, are called ‘services.’ With the help of using managerial skills, labor, entertainment, advice, training, intermediation, etc., services deliver human value. They are different …

Read more

Meaning and Definition of Services

Service is provided by the seller to the buyer in exchange for money (economic activity), but it does not provide the ownership of the services provided to the buyer, only values are exchanged. This is the feature that distinguishes services …

Read more