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Services are:
- Perishable
- Inseparable (Consumer and supplier must be present during production and consumption)
- Intangible
- Variable (Different output each time)
Goods dominant logic says:
Goods are physical in nature whereas services are value driven products that are not physical but rather performance based.
Service dominant logic says:
Recent literature points out that, according to "Service Dominant Logic", all goods are actually services, because knowledge is the fundamental unit of exchange. Without knowledge being applied to, say, a microchip, it is merely a pile of silicone.
Also, a firm offers a value proposition (What it supplies the market with). This hypothesis is then tested by the market. For this reason, all firms are customer orientated and everything firms supply to markets are co-created, making them inseparable.
Goods are vehicles in which knowledge, the actual unit of value, is transported. Knowledge is intangible.
For the above reasons, all outputs of organisations should be classified as services.
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∙ 11y ago
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What are the characteristics of goods?
Goods are described as any tangible product that is traded or sold. The characteristics of goods are physical properties and marketability.
Is a supplier of goods and services a customer?
A supplier of goods and services is commonly referred to as a vendor. Unless they are buying your goods or services they are not a customer.
Who made the first advertisements?
The person who first exchanged goods or services for other goods or services
Which market or markets are consumer goods and services bought into?
Goods or services bought by a consumer are bought in the consumer market. The consumer market includes fast moving consumer goods, consumer durables, soft goods and services.
Why marketing of services is difficult than marketing of goods?
why marketing of services is difficult than marketing of goods
What are the characteristics of services compared with goods?
Goods are a tangible item where services are not tangible that provide a value to a consumer.
What are the Characteristics of an ecommerce economic model?
The characteristics of an e-commerce economic model include the ease of buying and selling of goods and services. These exchange of goods or services are done online.
What is quasi collective goods and services?
quasi public goods have characteristics of both private and public goods including partial excludability , partial rivalry , partial diminishability
What are some characteristics of a business?
The characteristics of a business include wanting to earn a profit and exchanging goods and services. A business also involves risks and is an entrepreneurship .
What are the Characteristics of large scale industries?
Industry involves production of goods and services industry involves capital investment
How do you place a value on money?
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.
What services are offered by FreeBay?
The services offered by Free Bay are for people who have goods or excess goods they don't need or use anymore. They have also introduced the Swop Shop page where a person can trade goods for goods, goods for services, services for goods, and services for services.
Match the role with the actions taken by players in that role.?
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
What are 3 characteristics for a mixed economy?
1)private sector business activity encouraged 2)state control resources in supply of certain goods and services 3)taxes used to collect revenue to pay for state goods and services
What is distriubution?
distribution is the spreading of goods or services or other desirable characteristics of organizations throughout other entities who are awaiting their share of the distribution.
Characteristics of consumer goods vs industrial goods?
Consumer goods are sold directly to consumers and industrial goods are sold to industries. Examples: An industrial good is a part for a car that is manufactured by one company and sold to another that assembles the car. A consumer good is the finished car.
What are the characteristics of goods?
Goods are described as any tangible product that is traded or sold. The characteristics of goods are physical properties and marketability.
