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Differences between goods and services?
A good is a tangible object used either once or repeatedly. A service is intangible. The tangibility differentiator indicates the ability to touch, smell, taste and see which is absent in services. This can be a deterrent to the service receiver to gauge the quality and dependant on the service company reputation. In the case of goods the ownership of the product is transferable from sellers to buyers, whereas in services there is no ownership involved. On the quality front, with goods it is homogeneous, once produced the quality is uniform across all line of products. They can be separated from the seller/ provider and not dependant on the source for its delivery to the purchaser. With regard to service it is inseparable from the service provider and heterogeneous, where each time the service is offered it may vary in quality, output, and delivery. It cannot be controlled and is dependant on the human effort in achieving that quality hence is variable from producer, customer and daily basis. Another key distinction is perishability of services and the non perishability of goods. Goods will have a long storage life and are mostly non perishable. Whereas services are delivered at that moment and do not have a long life or cannot be stored for repeat use. They do not bear the advantage of shelf life as in the case of goods like empty seats in airlines. With the production and consumption taking place simultaneously in services, it differs from goods on simultaneity and the provisions for quality control in the process. Summary: 1. Goods are tangible, and transferable while the services are intangible and non transferable. 2. Goods are separable, and non - perishable while services are inseparable. 3. Goods are homogeneous while services are heterogeneous
What is Human Service?
Managing and organizing casework for the human services industry (foster care, juveniles, elderly care, etc.)
Why do marketing operations and human resources have to be more closely linked in services than manufacturing and what are some examples?
its really hard to answer
Do you consider marketing as an important human activities why or why not?
Marketing is an important huamn activity because it is based on the existence of human needs. Even though people may have endless needs and requirements, the ability to buy the products depend on his economic background.
Discuss the meaning scope role of marketing function in the exchange process with suitable example?
Marketing is the performance of business activities that direct the flow of goods from producer to consumer or user. It is the satisfaction of human needs. Scope of Marketing is to influence buyer's decision directly or indirectly for generating business to make the flow of goods from producer to consume or user.
Human effort directed toward producing goods and services?
labor
Quantity and quality of of human effort directed towards producing goods and services?
The quantity and quality of human effort in producing goods and services significantly impact economic output and overall productivity. Higher quantities of skilled labor can lead to increased production levels, while the quality of that labor—reflected in education, training, and experience—affects efficiency and innovation. Ultimately, a balanced focus on both aspects is essential for sustainable growth and competitiveness in the marketplace.
What are the 3 enconomic resources?
Human, Capital and Natural resources.Human resources - The quantity and quality of human effort directed toward producing goods and services (also called labour).Capital resources - Goods made by people and used to produce other goods and services. Examples include buildings, equipment and machinery.Natural resources - "Gifts of nature" that are used to produce goods and services. They include land, trees, fish, petroleum and mineral deposits, the fertility of soil, climatic conditions for growing crops, and so on.
What are the similarities between goods and services?
goods are tangible and transferable , services are not
What are three categories of economic resources?
The three categories of economic resources are land, labor, and capital. Land encompasses natural resources and raw materials, while labor refers to the human effort and skills used in production. Capital includes man-made goods that facilitate the production of other goods and services, such as machinery and tools. Together, these resources are essential for producing goods and services in an economy.
The use of goods and services to satisfy human wants and needs is known as what?
consumption
The process of creating goods and services to satisfy human wants and needs?
production
What is a business organization?
a business organization is a group or a unit of people working together with a commen objective of profit maximization.but profit maximization is not the only objective..they also satisfy human needs and wants by producing goods and services
What are the roles of commerce in satisfying human wants?
what are the role of commerce in satisfying human wants
What are the three main kinds of resources and how is each one define?
The three main kinds of resources are natural, human, and capital. Natural Resources are gifts of nature, human resources are skills people have to produce goods and services, and capital resources are the things people make, such as machines and equipment, to produce goods and services.
The process of creating goods and services to satisfy human wants and needs is?
It is called production.
What is the Combining of human capital natural and entrepreneur resources to make goods and services?
An entrepreneur.
