Services are activities that provide value to customers by facilitating outcomes customers want to achieve without the ownership of specific costs and risks. Services are intangible and do not result in the ownership of anything.
Services are activities that provide value to customers by facilitating outcomes customers want to achieve without the ownership of specific costs and risks. Services are intangible and do not result in the ownership of anything. Services are often consumed at the same time they are produced, and can be used to complement a product offering.
Services are a key component of the economy, accounting for more than two-thirds of the gross domestic product (GDP) in the United States. Services are provided by a variety of organizations, including businesses, governments, and non-profit organizations. Services can be divided into three broad categories: professional services, consumer services, and public services.
Professional services are those provided by professionals such as lawyers, accountants, and consultants. These services are typically provided to businesses and organizations, and are often highly specialized. Professional services are often provided on a fee-for-service basis, meaning that the customer pays for the service as it is provided.
Consumer services are those provided to individuals, such as banking, retail, and entertainment. These services are typically provided on a fee-for-service basis, but may also be provided on a subscription basis. Consumer services are often provided by businesses, but may also be provided by governments or non-profit organizations.
Public services are those provided by governments, such as education, health care, and public safety. These services are typically provided on a fee-for-service basis, but may also be provided on a subscription basis. Public services are often provided to all citizens, regardless of their ability to pay.
Services are an important part of the economy, and are essential for the functioning of society. Services are provided by a variety of organizations, and can be divided into three broad categories: professional services, consumer services, and public services. Services are typically provided on a fee-for-service basis, but may also be provided on a subscription basis.