The significance of service to the economy. Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

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Answer 1

Question

Chapter 12, Problem 1LO

Summary Introduction

To discuss: The significance of service to the economy.

Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

Expert Solution & Answer

Explanation of Solution

The significance of service to the economy is as follows:

A service is the result of relating mechanical or human efforts to objects or people. Services includes a performance, an effort that cannot be physically influenced or a deed. The service sector considerably effects the Country U economy, accounting for nearly 80% of the country’s economic output. Financial service, retail, technology, and health care are the service-oriented industries that contributes too much of output to the economy. Services has few exclusive features that differs them from goods, and marketing strategies are essential to be adjusted for these features.

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1 Identify two reasons services are important to the U.S. economy and businessenvironment.

Answer 2

Question

Chapter 12, Problem 1LO

Summary Introduction

To discuss: The significance of service to the economy.

Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

Expert Solution & Answer

Explanation of Solution

The significance of service to the economy is as follows:

A service is the result of relating mechanical or human efforts to objects or people. Services includes a performance, an effort that cannot be physically influenced or a deed. The service sector considerably effects the Country U economy, accounting for nearly 80% of the country’s economic output. Financial service, retail, technology, and health care are the service-oriented industries that contributes too much of output to the economy. Services has few exclusive features that differs them from goods, and marketing strategies are essential to be adjusted for these features.

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Answer 3

Question

Chapter 12, Problem 1LO

Summary Introduction

To discuss: The significance of service to the economy.

Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

Expert Solution & Answer

Explanation of Solution

The significance of service to the economy is as follows:

A service is the result of relating mechanical or human efforts to objects or people. Services includes a performance, an effort that cannot be physically influenced or a deed. The service sector considerably effects the Country U economy, accounting for nearly 80% of the country’s economic output. Financial service, retail, technology, and health care are the service-oriented industries that contributes too much of output to the economy. Services has few exclusive features that differs them from goods, and marketing strategies are essential to be adjusted for these features.

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Answer 4

Question

Chapter 12, Problem 1LO

Summary Introduction

To discuss: The significance of service to the economy.

Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

Expert Solution & Answer

Explanation of Solution

The significance of service to the economy is as follows:

A service is the result of relating mechanical or human efforts to objects or people. Services includes a performance, an effort that cannot be physically influenced or a deed. The service sector considerably effects the Country U economy, accounting for nearly 80% of the country’s economic output. Financial service, retail, technology, and health care are the service-oriented industries that contributes too much of output to the economy. Services has few exclusive features that differs them from goods, and marketing strategies are essential to be adjusted for these features.

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Answer 5

Chapter 12, Problem 1LO

Summary Introduction

To discuss: The significance of service to the economy.

Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

Expert Solution & Answer

Explanation of Solution

The significance of service to the economy is as follows:

A service is the result of relating mechanical or human efforts to objects or people. Services includes a performance, an effort that cannot be physically influenced or a deed. The service sector considerably effects the Country U economy, accounting for nearly 80% of the country’s economic output. Financial service, retail, technology, and health care are the service-oriented industries that contributes too much of output to the economy. Services has few exclusive features that differs them from goods, and marketing strategies are essential to be adjusted for these features.

Answer 6

Chapter 12, Problem 1LO

Summary Introduction

To discuss: The significance of service to the economy.

Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

Expert Solution & Answer

Explanation of Solution

The significance of service to the economy is as follows:

A service is the result of relating mechanical or human efforts to objects or people. Services includes a performance, an effort that cannot be physically influenced or a deed. The service sector considerably effects the Country U economy, accounting for nearly 80% of the country’s economic output. Financial service, retail, technology, and health care are the service-oriented industries that contributes too much of output to the economy. Services has few exclusive features that differs them from goods, and marketing strategies are essential to be adjusted for these features.

Answer 7

Chapter 12, Problem 1LO

Summary Introduction

To discuss: The significance of service to the economy.

Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

Answer 8

Expert Solution & Answer

Explanation of Solution

The significance of service to the economy is as follows:

A service is the result of relating mechanical or human efforts to objects or people. Services includes a performance, an effort that cannot be physically influenced or a deed. The service sector considerably effects the Country U economy, accounting for nearly 80% of the country’s economic output. Financial service, retail, technology, and health care are the service-oriented industries that contributes too much of output to the economy. Services has few exclusive features that differs them from goods, and marketing strategies are essential to be adjusted for these features.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 12 - Prob. 1LO Ch. 12 - Prob. 2LO Ch. 12 - Prob. 3LO Ch. 12 - Prob. 4LO Ch. 12 - Prob. 5LO Ch. 12 - Prob. 6LO Ch. 12 - Prob. 7LO Ch. 12 - Prob. 8LO

The significance of service to the economy. Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

To discuss: The significance of service to the economy. Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.

Explanation of Solution

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Chapter 12 Solutions

To discuss: The significance of service to the economy.

Service is consider to be an invisible activity or advantage that company provides services to satisfy customers’ needs by paying money or something that creates value.