Question

what are services ? explain their disnict characteristics​

Answer 1

“Service are those separately identifiable, essential, intangible activities which provide want satisfaction and are not necessarily tied to the sale of a product or another service." (iii) A service cannot be patented. ... (iv) There is no transfer of ownership.

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Answer 2

Answer:

Question :-

• What are services? Explain their disnict characteristics?

Answer :-

➙ Service are intangible and do not have a physical existence. Hence services cannot be touched, held, tasted or smelt. This is most defining feature of a service and that which primarily differentiates it from a product.

➙ 1. Intangibility

2. Inseparability

3. Perishability

4. Variability