Question

Discuss the difference between goods and services. What are the unique features of services that make marketing of services challenging ?

Answer 1

Innovation economics, argued that industries must incessantly revolutionize the economic structure from within, that is innovate with better or more effective processes and products, as well as market distribution, such as the connection from the craft shop to factory. He famously asserted that creative destruction is the essential fact about capitalism Entrepreneurs continuously look for better ways to satisfy their consumer base with improved quality, durability, service and price which come to fruition in innovation with advanced technologies and organizational strategies.