Reference no: EM133404040
Questions:
1. Is it possible for an economy to be entirely based on services? Is it a sign of weakness when a national economy manufactures few of the goods it consumes?
2. What are the main reasons for the growing share of the service sector in all major economies of the world?
3. What are the five powerful forces transforming the service landscape, and what impact do they have on the service economy?
4. "A service is rented rather than owned." Explain what this statement means, and use examples to support your explanation.
5. Why is time so important in services? Explain with examples.
6. Why do marketing, operations, and human resources have to be closely linked in services but less so in manufacturing? Give examples.
7. Explain why services tend to be harder for customers to evaluate than goods.
8. Why does consumer perception of risk constitute an important aspect in selecting, purchasing, and using services? How can firms reduce consumer risk perceptions?
9. Describe the difference between high-contact and low-contact services, and explain how the nature of a customer's experience may differ between the two.
10. Describe the relationship between customer expectations and customer satisfaction.