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service

an economic activity which is performed to meet a personal or business demand. Some services are either specifically personal (for example hairdressing, dentistry), or business (for example factory maintenance, freight forwarding), but a large number are multifaceted, catering for both sectors, for example, household and industrial painting, telephone services.

The provision of most services (for example, window cleaning) involves a number of characteristics which set them apart from the provision of a GOOD (for example, a motorcar), in particular intangibility - the inability of a customer to see, touch, taste or smell the service, and inseparability - the fact that services are produced and consumed at the same time and thus cannot be stored. See also MARKETING MIX, GAP ANALYSIS. See PRODUCT, PERISHABILITY, VARIABILITY.

service

any intangible economic activity (hairdressing, catering, insurance, banking, etc.) that contributes directly (see FINAL PRODUCTS) or indirectly (see INTERMEDIATE PRODUCTS) to the satisfaction of human wants. Services are an important component of GROSS NATIONAL PRODUCT.
References in periodicals archive ?
Cypher will serve as Special Assistant to the President and Director of Special Projects and External Affairs for the Senior Counselor.
As I explained, there are a few things you can do to have the strongest, most effective serve. Most importantly, weave the tag line in and out of the main wrap throughout the length of the serve.
For these reasons, a good serve can be defined rather loosely.
Next, the 28 timeouts taken after three or more successive serves were examined for frequency of decreased velocity and lengthened duration of time to complete the serve.
Answering this question will be a good indicator of an institution's ability to serve Latino students.
10 : to furnish with something needed or desired <There is no grocery store to serve the area.>
cone of Soft Serve anytime between the hours of 11 a.m.
Served two terms as a member of the Indiana General Assembly, and currently serves as a member of the U.S.
She has held positions in local MTAs and currently serves as a director on the Fort Worth MTA board.
Throughout the years of ministry, I have experienced acceptance, warmth, co-operation, understanding and pride from those I have been called to serve.
Tim Ockenfels will serve as Southern division manager.