Question

5. What are the features of service.

Bye my all friends, iam going offline, ​

Answer 1

Service is an intangible product used for meeting human demands.    

Explanation:

Service can be defined as the operations which meet the demands of customers.

Features of service are:

1. Services are necessarily intangible in nature. This means services cannot be touched or seen like goods.
2. Services are provided by professionals such as medical services as provided by doctors.
3. The exact value of service cannot be measured in monetary terms.
4. Services not only meet the demands of the people but also play a very important role in social development.
5. The service sector also plays a very important role in economic development and generating employment.

Answer 2

Answer:

Services are unique and four characteristics separate them from goods, namely intangibility, variability, inseparability, and perishability.

...

Features of Services – 4 Main Characteristics: Intangibility, Inseparability, Variability and Perishability

Intangibility: ...

Inseparability: ...

Variability: ...

Perishability: