Podcast
Questions and Answers
What is the main focus of the study by Hung Hoang, et al (2017)?
What is the main focus of the study by Hung Hoang, et al (2017)?
- The Impact of Global Economy on Service Industries
- The Dominance of Services in Developing Economies
- The Development of Advanced Economies
- The Influence of Service Culture on Customer Service (correct)
What percentage of the gross domestic product do services account for in most advanced economies?
What percentage of the gross domestic product do services account for in most advanced economies?
- Around 60%
- Less than 50%
- Exactly 50%
- More than 70% (correct)
What percentage of the global economy do services account for?
What percentage of the global economy do services account for?
- 60%
- 80%
- 72% (correct)
- 50%
What impact do services have on economic growth according to Malhotra et al. (2005)?
What impact do services have on economic growth according to Malhotra et al. (2005)?
How are tangible products primarily associated with services?
How are tangible products primarily associated with services?
Study Notes
Services in Economics
- The study by Hung Hoang, et al (2017) focuses on services.
Contribution of Services to Economy
- Services account for 70-80% of the gross domestic product in most advanced economies.
- Services account for approximately 60% of the global economy.
Impact of Services on Economic Growth
- According to Malhotra et al. (2005), services have a significant positive impact on economic growth.
Services and Tangible Products
- Tangible products are primarily associated with services through bundling or combining them with intangible offerings.
Studying That Suits You
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Description
Test your knowledge of service culture with this quiz compiled by Dr. Louvelle S. Formentera from the Polytechnic University of the Philippines. Explore key concepts and principles in BUMA 30053 and enhance your understanding of service culture in the business environment.
