What is ‘service’?
As stated in your textbook on page 365, a service is any kind of supply where the main component is a task of some kind, rather than the provision of some tangible good or material. A service is a performance of some act of value, which unlike the situation where goods are sold, does not result in the customer’s ownership of anything. Almost any kind of service might be required.
The following list is only a representative sample of some of the more commonly bought services; a complete list would be impossibly long:
|Question to activity 5.3||Suggested answer to activity 5.3|