What are the 4 characteristics of services?
Four Characteristics of Services
- Intangibility: Services cannot be seen, touched, or stored like physical goods. Customers experience services rather than physically possess them.
- Inseparability: Services are often produced and consumed at the same time, and cannot be separated from their providers. The interaction between service provider and customer is essential.
- Variability (Heterogeneity): The quality and consistency of services can vary depending on who provides them, when, where, and how. Each service experience may be unique.
- Perishability: Services cannot be stored for later use or sale. If not used when available, the opportunity to sell the service is lost (e.g., an empty seat on a flight).
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