services: the intangible product Flashcards

1
Q

factors differentiating services from goods

A
  1. intangibility
  2. inseperability
  3. heterogeneity
  4. perishability
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2
Q

What is intangibility?

A

can’t be touched or seen

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3
Q

challenges of intangibility

A
  1. conveying benefits
  2. promotional challenges
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4
Q

What is inseparability?

A

production and consumption happen simultaneously

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5
Q

What is heterogenity?

A

variability in service due to human involvement

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6
Q

solutions for heterogenity

A
  1. automation
  2. standardization
  3. training
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7
Q

what is perishability?

A

service can’t be stored or resold once rendered

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8
Q

challenges of perishability

A

revenue management

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9
Q

service quality dimensions

A
  1. reliability
  2. responsiveness
  3. assurance
  4. empathy
  5. tangibles
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10
Q

what is reliability?

A

ability to constantly perform the service

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11
Q

what is responsiveness?

A

willingness of service provider to help customer

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12
Q

What is assurance?

A

give trust/confidence to customers

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13
Q

What is empathy?

A

caring and individualized attention from service providers

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14
Q

What are tangibles?

A

physical evidence of a service

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15
Q

example of tangibles?

A
  1. equipment
  2. workers appearance
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