Solution Manual for Essentials of Services Marketing, 3rd Edition

Solution Manual for Essentials of Services Marketing, 3rd Edition makes solving textbook exercises easier with step-by-step solutions and helpful tips.

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CHAPTER 1
INTRODUCTION TO SERVICES MARKETING

LEARNING OBJECTIVES

By the end of this chapter, students should be able to

(LO 1) Understand how services contribute to a country’s economy.

(LO 2) Know the principal industries of the service sector.

(LO 3) Identify the powerful forces that are transforming service
markets.

(LO 4) Understand how B2B services improve the productivity of
individual firms and drive economic development.

(LO 5) Define services using the non-ownership framework.

(LO 6) Identify the four broad “processing” categories of services.

(LO 7) Be familiar with the characteristics of services and the distinctive
marketing challenges they pose.

(LO 8) Understand the components of the traditional marketing mix
applied to services.

(LO 9) Describe the components of the extended marketing mix for
managing the customer interface.

(LO 10) Appreciate that marketing, operations, and human resource
management functions need to be closely integrated in service
businesses.
(LO 11) Understand the implications of the serviceprofit chain for
service management.

(LO 12) Know the framework for developing effective services marketing
strategies.

CHAPTER OUTLINE

(L01) Understand how services contribute to a countrys

economy

Services dominate almost all types of economies today. The service
sector accounts for a majority of the gross domestic product in all
industrialized countries and provides most of the new jobs in many
developing and highly developed nations worldwide.

(LO2) Know the principle industries of the service sector

The service sector is a very diverse sector with contributions from
various industries that target individual and business customers. Key
industries are:

Government services

Real Estate

Wholesale and Retail trade

Business and Professional service

Finance and Insurance

Healthcare services

Transport, utilities and communication services

Accommodation and food services

Arts, entertainment and recreation services

(L03) Identify the powerful forces that are transforming service
markets

Changes in government policies

Social changes

Business trends like productivity and cost savings, franchising
etc.

Advances in information technology

Internationalization

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