Podcast
Questions and Answers
What is the defining feature of a service that distinguishes it from a physical product?
What is the defining feature of a service that distinguishes it from a physical product?
- It always has a specific price.
- It can be stored for future use.
- It is intangible and cannot be seen or touched. (correct)
- It is available in unlimited quantities.
Which characteristic of services highlights the simultaneous production and consumption of the service?
Which characteristic of services highlights the simultaneous production and consumption of the service?
- Inseparability (correct)
- Homogeneity
- Perishability
- Tangibility
Why are services considered perishable?
Why are services considered perishable?
- They tend to degrade in quality over time.
- They can easily be returned to the provider.
- They can be lost if not delivered immediately.
- They cannot be stored or saved for later use. (correct)
What does the characteristic of homogeneity in service imply?
What does the characteristic of homogeneity in service imply?
Which of the following is an important component of service marketing?
Which of the following is an important component of service marketing?
What is one characteristic that distinguishes services from products?
What is one characteristic that distinguishes services from products?
Which component of service marketing involves creating an easy method for customers to obtain services?
Which component of service marketing involves creating an easy method for customers to obtain services?
What factor primarily influences the pricing of services provided by salons in the same area?
What factor primarily influences the pricing of services provided by salons in the same area?
How does the quality of service reflect on the service providers?
How does the quality of service reflect on the service providers?
Which statement best describes the perishability of services?
Which statement best describes the perishability of services?
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Study Notes
Characteristics of Service
- Intangibility: Services lack a physical form; quality is evaluated through customer experience, e.g., vacation packages depend on accommodations and staff.
- Inseparability: Services entail simultaneous production and consumption, allowing immediate customer feedback, such as during a haircut.
- Perishability: Services cannot be stored or returned; once rendered, like a poor massage, they cannot be improved upon or retrieved.
- Homogeneity: While the core service remains the same, delivery may vary; for instance, differing salon experiences could affect pricing and customer satisfaction.
Importance of Service Components
- Process: The delivery method impacts customer convenience. Innovations like online banking enhance service accessibility.
- Quality Service/Productivity: Quality is tied to meeting customer expectations; for example, a couturier's timeliness and craftsmanship are vital in creating a wedding gown.
- People: Service quality reflects the skills and attitudes of service providers; attentive staff contribute significantly to the dining experience.
- Promotion: Effective communication is essential for reaching customers; word-of-mouth and promotional materials play key roles in service marketing.
Components of Service Marketing
- Product and Elements: Marketers enhance main products with supplementary services to increase overall value, such as free delivery with a premium appliance.
- Time and Place: Timely service delivery in convenient locations is crucial; fast-food restaurants exemplify the importance of quick service and accessibility.
- Physical Evidence: While services are intangible, visible indicators like an elegant hotel design reflect quality and enhance customer perceptions.
- Price: Pricing strategies are influenced by perceived service quality and competition within the market.
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