Tag «intangible nature of services»

5 Factors which differentiate Goods from Services

5 Factors which differentiate Goods from Services

5 Factors which differentiate Goods from Services Most of the factors which differentiate goods from services create distinctive marketing implications for service communication strategies. For example: The intangible nature of services means that Advertising is often necessary to communicate standing and reputation and, thereby, to build trust and confidence; to put a personal ‘face’ and …