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Characteristics of Services Compared to Goods

In: Business and Management

Submitted By kaium92
Words 2432
Pages 10
1. Introduction
Services’ marketing is a sub field of marketing which covers the marketing of both goods and services. Goods marketing include the marketing of fast moving consumer goods (FMCG) and durables. Services marketing typically refer to the marketing of both business to consumer and business to business services. Common examples of service marketing are found in telecommunications, air travel, health care, financial services, all types of hospitality services, car rental services, and professional services.
Services are economic activities, rather than tangible products, offered by one party to another. Rendering a service to recipients, objects, or other assets depends on a time-sensitive performance to bring about the desired result. In exchange for money, time, and effort, service customers expect value from access to goods, labor, professional skills, facilities, networks, and systems; but they do not normally take ownership of any of the physical elements involved. Services’ marketing is a form of marketing that focuses on selling services. They can be tricky to sell, and the marketing approach for them is much different than the approach for products. Some companies offer both products and services and must use a mixture of styles; for example, a store that sells computers also tends to also help people select computers and provide computer repair. Such a store must market both its products and the supporting services it offers to appeal to customers. 1.1 Origin of the report: We have been assigned to prepare a term paper as part of our Service Marketing course. So we are trying to complete our term paper in due date. Our term paper submission date on 25-11-13 and we will submit our term paper to Nazia Nabi, Faculty School of Business. We tried our best to get as much information as possible and complete this paper in due time. 1.2...

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