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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 ?
The Army spends for equipment, military research and technologies EUR 4 940 per year per serviceman while this amount in Austria is EUR 34 435, placing the armed forces far behind other NATO members and creating obstacles for their compliance with the Alliance.
Under no circumstances should a serviceman deface or otherwise dishonor the Qur'an as such an act may generate strategic repercussions.
The Royal Marine is the 136th British serviceman to die in Afghanistan since the start of operations in October 2001.
That patient, a US serviceman living in the Tidewater region of eastern Virginia, had a mild febrile illness and multiple eschars.
After the shooting, Matsumoto turned himself in at a police station, saying he shot Heinz as he was annoyed at being stared at by Heinz when the serviceman cut in front of his car.
Air Commodore Qadeer Hashmi said the serviceman lost his temper in an argument during an indoor game at the base Wednesday morning and started spraying shots indiscriminately, killing the six.
serviceman as saying while NTT DoCoMo is seeking either cash or automatic payment from bank accounts, very few Americans have personal bank accounts in Japan.
Embassy in Kuwait City reported that an American serviceman had died from injuries he suffered during military exercises in the Kuwaiti desert.
35) Several black employers were also unwilling to train African American veterans because they feared that once a veteran had finished training, the former serviceman might open a shop or store that would cut into their profits.
Military physicians found that by inserting an encapsulated source of radium deep into the nostrils of each affected serviceman for several minutes, they could reduce symptoms -- and sometimes eliminate them -- in roughly 90 percent of those treated.