services: the intangible product Flashcards
factors differentiating services from goods
- intangibility
- inseperability
- heterogeneity
- perishability
What is intangibility?
can’t be touched or seen
challenges of intangibility
- conveying benefits
- promotional challenges
What is inseparability?
production and consumption happen simultaneously
What is heterogenity?
variability in service due to human involvement
solutions for heterogenity
- automation
- standardization
- training
what is perishability?
service can’t be stored or resold once rendered
challenges of perishability
revenue management
service quality dimensions
- reliability
- responsiveness
- assurance
- empathy
- tangibles
what is reliability?
ability to constantly perform the service
what is responsiveness?
willingness of service provider to help customer
What is assurance?
give trust/confidence to customers
What is empathy?
caring and individualized attention from service providers
What are tangibles?
physical evidence of a service
example of tangibles?
- equipment
- workers appearance