Question

What are the characteristics of a service?

Answer 1

There are five characteristics to a service which will be discussed below.

Lack of ownership. You cannot own and store a service like you can a product. Intangibility. You cannot hold or touch a service unlike a product.
Inseparability. Services cannot be separated from the service providers. Perishibility. ...
Heterogeneity.

Answer 2

CHARACTERISTICS OF SERVICES:-

• Intangible:- Services are intensible that is these cannot be seen or touched.
• Lack of homogeneity or inconsistency:- Services have to be performed is time according to the demands in Expectations of each customer. Same services maybe provided differently by different service providers.
• Inventory:- The main feature of services is that services are consumed at the same time, when they are produced. So there is no need to maintain inventory or stock of services. If service is not consume immediately then it is a total loss.