what is meant by the terms service activity give examples
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DEFINITION of 'Personal-Service Activity' Any business enterprise with the primary purpose of providing personal services. Personal-service activities encompass a wide range of professions, including law, medicine, engineering, design, finance, accounting and even performing arts.
Explanation:
＋ New List. Service Activities means those activities carried out by an organization which are integral and necessary to the production and/or delivery of specific products and/or services.
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DEFINITION of 'Personal-Service Activity' Any business enterprise with the primary purpose of providing personal services. Personal-service activities encompass a wide range of professions, including law, medicine, engineering, design, finance, accounting and even performing arts.
Explanation:
"service(noun) work done by one person or group that benefits another. "budget separately for goods and services" service(noun) an act of help or assistance.""
Examples:
For example, a haircut is a service; you cannot transport or store a haircut. ... Services are intangible by nature; there is no time gap between the provision and consumption of a service. You can neither store nor transfer them. Goods are tangible; there is a time gap between their production and consumption.
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