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.

Read more about this topic:  Service (economics)

Famous quotes containing the words service and/or definition:

    Old books that have ceased to be of service should no more be abandoned than should old friends who have ceased to give pleasure.
    Peregrine, Sir Worsthorne (b. 1923)

    One definition of man is “an intelligence served by organs.”
    Ralph Waldo Emerson (1803–1882)