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Pawan PKP

Services are intangible activities or benefits provided by one party to another that do not result in ownership. Services differ from goods in that they are intangible and heterogeneous, produced through customer-provider interactions, and consumed as they are produced. Services can be classified in several ways, including by industry, target effect, skill level required, labor intensity, and degree of customer contact. The goal is to fully satisfy customers and increase profits by identifying new service opportunities.

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Kala Kumar
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36 views2 pages

Pawan PKP

Services are intangible activities or benefits provided by one party to another that do not result in ownership. Services differ from goods in that they are intangible and heterogeneous, produced through customer-provider interactions, and consumed as they are produced. Services can be classified in several ways, including by industry, target effect, skill level required, labor intensity, and degree of customer contact. The goal is to fully satisfy customers and increase profits by identifying new service opportunities.

Uploaded by

Kala Kumar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Services Any activity or benefit that one party can offer to another that is essentially intangible & does

not result in the ownership of anything. Its production may or may not be tied up to a physical product. Services Vs Goods Services Intangible Heterogeneous Produced in Buyer Seller interaction Production, distribution & consumption takes place simultaneously Consumers participate in production Cannot be stored Transfer of ownership cannot take place Goods Tangible Homogenous Produced in factory All three are separate & independent Consumers dont generally participate Can be stored Transfer of ownership does take place

Classification of Services It is required to design & apply marketing techniques to completely satisfy the customer & increase profits & identify new emerging services. Classifications can be done on following basis: Classification by Industry Classification by Target Effect Skill level of service provider (Professional/ Nonprofessional) Labor intensiveness (People-based/Equipment-based) Degree of customer contact (High / Low) Goal of the service provider (Profit /Nonprofit) Classification By Industry a. Entertainment industry b. Education c. Telecommunications d. Finance & Insurance e. Transportation f. Public utilities g. Government services h. Health i. Hospitability Industry j. Business services k. Telecommunications l. Trading Classification By Target Effect Based on Degree Of Customer Involvement: ( Lovelock) 1. People Processing: Services aimed at physical care e.g. Healthcare, clinics, restaurant, hospitals, hair stylists, fitness centers

2. Mental Stimulus Processing: Services aimed at mind of customer e.g. Education, information, entertainment, consulting, psychotherapy 3. Possession Processing: Services aimed at physical possession & tangible assets e.g. repair & maintenance, laundry, repair services, landscaping, house cleaning services 4. Information Processing : Services for intangible assets e.g. Banking, legal consultation, brokerage, financial services. Skill level of service provider Teacher Doctor Engineer Accountant Labor intensiveness Mechanic Electrician Labor Plumber Artisan Degree of customer contact High Degree (Every day) TV channels, mobile etc. Moderate Degree (Regular) Teacher, Barber, washer man etc. Low Degree ( Occasional ) Priest, Doctors etc.

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