Question

Explain the kinds of services​

Answer 1

Explanation:

Services are diversified in three groups; Business services, social services and personal services. Business services are the services used by businesses to conduct their business activities. This could banking, insurance, transportation, etc.

Answer 2

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❥︎MEANING OF SERVICES -

★Services are essentially intangibles. Their purchase does not result in the ownership of anything physical. For example, you can only seek advice from the doctor, you cannot purchase him.

★Services are all those economic activities that are intangible and imply an interaction to be realized between the service provider and the consumer.

★Services are the separately identifiable, essentially intangible activities that provides satisfaction of wants, and are not necessarily linked to the sale of a product or another service.

❥︎TYPES OF SERVICES -

★Services are diversified in three groups; Business services, social services and personal services.

• Business services are the services used by businesses to conduct their business activities. This could banking, insurance, transportation, etc. Today, businesses are relying on specialised business services more than ever.

• Social services are the services provided by NGO's to pursue a certain set of social goals.

• Personal services, is a service wherein every customer will have a different need. Examples of personal services would be tourism, recreational services and restaurants.

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