Classification of service

Understand the Problem

The question is asking for information about the classification of services, which may refer to different methods or frameworks used to categorize services in various fields such as business, technology, or economics.

Answer

Services are classified as people-based or equipment-based, and also as tangible or intangible.

Services are classified as people-based or equipment-based, with subcategories. Alternatively, they can be tangible, like food services, or intangible, like teaching and medical services.

Answer for screen readers

Services are classified as people-based or equipment-based, with subcategories. Alternatively, they can be tangible, like food services, or intangible, like teaching and medical services.

More Information

Services are often ambiguous in nature due to their intangibility and variability, making classification essential for effective marketing and management strategies.

Tips

Confusing tangible services with tangible products is common. Remember, tangible services include activities with a tangible result, like dry cleaning, whereas a product is an actual physical item.

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