Service (economics) - Service Definition

Service Definition

The generic clear-cut and complete, concise and consistent definition of the service term reads as follows:

A service is a set of one time consumable and perishable benefits

  • delivered from the accountable service provider, mostly in close coaction with his internal and external service suppliers,
  • effectuated by distinct functions of technical systems and by distinct activities of individuals, respectively,
  • commissioned according to the needs of his service consumers by the service customer from the accountable service provider,
  • rendered individually to an authorized service consumer at his/her dedicated trigger,
  • and, finally, consumed and utilized by the triggering service consumer for executing his/her upcoming business activity or private activity.

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Famous quotes containing the words service and/or definition:

    Let the good service of well-deservers be never rewarded with loss. Let their thanks be such as may encourage more strivers for the like.
    Elizabeth I (1533–1603)

    According to our social pyramid, all men who feel displaced racially, culturally, and/or because of economic hardships will turn on those whom they feel they can order and humiliate, usually women, children, and animals—just as they have been ordered and humiliated by those privileged few who are in power. However, this definition does not explain why there are privileged men who behave this way toward women.
    Ana Castillo (b. 1953)