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Public services are those that society (nation state, fiscal union or region) as a whole pays for. Using resources , skill, ingenuity, and experience, service provider's benefit service consumers. Services may be defined as intangible acts or performances whereby the service provider provides value to the customer.
Business services are a recognisable subset of economic services, and share their characteristics. The essential difference is that businesses are concerned about the building of service systems in order to deliver value to their customers and to act in the roles of service provider and service consumer. [1]
Throughout the 1980s and 1990s, the so-called unique characteristics of services dominated much of the literature. The four most commonly cited characteristics of services are: [21] Intangibility – services lack physical form; they do not interact with any of our senses in a conventional way, they cannot be touched or held.
Operations management for services has the functional responsibility for producing the services of an organization and providing them directly to its customers. [ 1 ] : 6–7 It specifically deals with decisions required by operations managers for simultaneous production and consumption of an intangible product.
Goods can be returned while a service, once delivered cannot. [4] Goods are not always tangible and may be virtual e.g. a book may be paper or electronic. Marketing theory makes use of the service-goods continuum as an important concept [5] which "enables marketers to see the relative goods/services composition of total products". [6]
Services constitute over 50% of GDP in low income countries and as their economies continue to develop, the importance of services in the economy continues to grow. [2] The service economy is also key to growth, for instance it accounted for 47% of economic growth in sub-Saharan Africa over the period 2000–2005 (industry contributed 37% and ...
Other key characteristics of services include perishability, intangibility and variability (or heterogeneity). [ 2 ] Although the notion of inseparability has become received wisdom in the marketing and services marketing literature over the past few decades, [ 3 ] more recent research has challenged inseparability as a distinguishing ...
A public service may sometimes have the characteristics of a public good (being non rivalrous and non excludable), but most are services which may (according to prevailing social norms) be under-provided by the market. In most cases public services are services, i.e. they do not involve manufacturing of goods.