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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 ?
In her new capacity, Fernandez will be responsible for strategic and operational oversight of AerSale's Used Serviceable Material business units, which currently service the company's global customer base from facilities and regional offices located in Miami, Dallas, Singapore, and Cardiff.
now finished 15, y ng works the road Street near has long been the aware to Grainger Hood These We are undertaking essential maintenance works to make the highway safe and serviceable Newcastle City Council
Boeing (NYSE: BA) subsidiary Aviall said it has signed an agreement with GE Aviation to acquire and manage GE Aviation's stock of CF6-80A used serviceable material (USM).
Your unit will get a serviceable credit or an unserviceable credit in exchange.
In a nutshell: Serviceable, though not an inspired reimagining.
I saw long-term care insurance finally evolving into a stable, serviceable product, and middle-aged individuals taking notice and beginning to plan for their future care needs.
Instead of retiring the fleet of AH-64 Apache aircraft, some of which have been in service almost 20 years, the DoD invests additional capital dollars into that system to improve its performance and extend its serviceable life.
notes that the books "range from serviceable to abysmal.
We are aiming to work with motorists by helping them recognise a worn or incorrectly inflated tyre and explain the benefits and importance of having serviceable and safe tyres on their vehicles.
Paylor's Overburyan Characters (London: Blackwell, 1936) as the most serviceable modern edition; indeed, Beecher's own will not be supplanted for many years to come.
I decided I could make a serviceable log arch from an old horse-drawn hay rake.
Built in 1928 and first remodeled in 1962, the Opera House (home of Pacific Northwest Ballet and the Seattle Opera) was serviceable but awkward, with few bathrooms, fewer elevators, and a detached feeling between the audience and the performers.