Question

In: Economics

Individually, students will read 3-5 journal / research articles that pertain to marketing a service (as...

Individually, students will read 3-5 journal / research articles that pertain to marketing a service (as opposed to a product). Students will then write a report synthesizing those articles. APA methodology applies to this assignment.

Solutions

Expert Solution

Report on the Synthesis of Service Marketing:
Service marketing is a concept in services' and operations management which lais emphasis on creating awareness, among the customers about the service being provided by the bussiness organization through promotion, positioning and various other tools.
The services can be marketed by providing solutions to the customers' difficulties or problems thereby emerging as a brand.
Service marketing can be done on two channel basis :
1) The first being the " service provider to the customer" also called B2C basis, e.g a salon or a boutique shop where customers arrive for a makeover.
2) The another being the " business to business" i.e B2B basis , where one bussiness organisation emerges to provide services to the another business entity. E.g. A business hires a market reaserch company to conduct the reasearch of its potential market.

Services unlike products are intangible i.e not having any physical existence , thus services cannot be measured in terms of quantity. Services however can be felt , or their outcome can be seen , in the form of solution to the problem e.g a car mechanic repairs a car .
Therefore service marketing can put a major impact on the business entity indulged in providing services.


The most important thing about the Service marketing is that unlike products services cannot be alike or same , services have an important attribute of variability , each service offered varies from each other in terms of effectiveness, satisfaction, time consumption, etc even when the services have been provided by the same individual and the subject matter of service is also same.
E.g the lecture provided by the teacher in the morning will be different or will vary from the one provided by the same teacher in the afternoon.
Thus services cannot be produced exactly alike. Therefore service marketer needs to aim at providing even better services than before by regular addition of the values to increase the satisfaction level. Various factors like store Ambiance affability, welcoming nature, courtesy, and positive attitude can trigger the emotions of the clients and increase their chances of revisits.

An important aspect of service marketing is a long term relationship with customers and an adequate consideration of their needs, priorities , etc.

The service marketing takes into cognisance , 7 p's of marketing which include :
Physical existence or ambiance,
People or clients
Process or the Method
Place
Product (service)
Price
Promotion

Unlike products , the service are produced and consumed at same place e.g serving food in restaurants , a medical check up in a hospital etc.
Moreover services like products cannot be transfered or stored. Thetefore their marketing to provide maximum benefits in the moment or during the prescribed time.

Service location plays an important role in service marketing, as the clients have to physically visit or take the resources which requires a service to the place of service because services are location based (except for some like virtual teaching classes) etc., therefore the convenience with which these centres are available and their location plays an important part in service marketing .


The articles further represented the fact that in service marketing the service once offered cannot be invalidated or taken back thetefore , service marketing should include free trials or demo that would enable the client to evaluate the service being provided and whether it will suit him or her ..

Another important aspect of Service marketing as reflected by the artciles i went through is that services can be easily customized as per the requirements of the customers and do not generally follow a rigid outcome like the manfacturing of the product.

Service marketing can prove a little difficult as in case of marketing a product , the response from customers is quick as it is basically human nature to react or respond to the tangible things looking attractive , catching attention or similar to one's preferences more quickly than the intangible things which can be only experienced or felt thus might require some time to process or evalaute

Thankyou..

Hope i made it up to the mark ....u can add or edit if required

God luck and God bless.

:)



Related Solutions

Cross Functional Essay Individually, students will prepare a 3-5 page essay on the relationships ... Cross...
Cross Functional Essay Individually, students will prepare a 3-5 page essay on the relationships ... Cross Functional Essay Individually, students will prepare a 3-5 page essay on the relationships and inter-dependencies between marketing and other functional areas. This essay is due Saturday (midnight) of week 3. Note: Functional Areas of Business Include: Human Resources Accounting Finance Marketing Production / Operations Administrative Support INSTRUCTIONS Students must use research from at least 3-5 academically reviewed journal articles (only). All journal articles must...
Conduct research of scholarly articles (try to stay relatively current) that pertain to health status of...
Conduct research of scholarly articles (try to stay relatively current) that pertain to health status of vulnerable populations. Next choose a health behavior change of your choice and choose your target population. Then, develop a health behavior change intervention specifying the behavioral and learning objectives, educational processes, activities, and duration. Describe, hypothetically, if you believe that the intervention will be successful and how you will monitor progress/failure and determine success.
Using a hypothetical study, list and explain the steps in the marketing research process (individually)
Using a hypothetical study, list and explain the steps in the marketing research process (individually)
Reading journal articles can be challenging for students, as they are often technical in nature. A...
Reading journal articles can be challenging for students, as they are often technical in nature. A high school that prides itself on preparing students for college wants to purchase journals that are written at a level accessible to students. The school librarian recruits four students with varying academic ability to read articles from four different journals and rate their readability from 1 (very difficult to read and understand) to 7 (very easy to read and understand). Some hypothetical data are...
4. In a research project to determine the relationship between the numbers of articles read and...
4. In a research project to determine the relationship between the numbers of articles read and students’ grades for the paper, 6 students were randomly chosen and below data was collected x (number of articles read) y (students grades in %) 7 82 2 55 5 95 9 85 4 75 8 87 a) Draw a scatter plot for the data; b) Find the equation of the line of best fit. Draw the line of best fit on the scatter...
The Mall Street Journal is considering offering a new service which will send news articles to...
The Mall Street Journal is considering offering a new service which will send news articles to readers by email. Their market research indicates that there are two types of potential users, impecunious students and high-level executives. Let x be the number of articles that a user requests per year. The executives have an inverse demand function P E( x ) = 100 − x and the students have an inverse demand function P U( x ) = 80 − x...
with a minimum of 5 journal articles examine the determinants of share price in Ghana as...
with a minimum of 5 journal articles examine the determinants of share price in Ghana as compared to research in other developed country of your choice
with a minimum of 5 journal articles examine the determinants of share prices in Ghana as...
with a minimum of 5 journal articles examine the determinants of share prices in Ghana as compared to research in any developed country of your choice
Using a minimum of 3 approved sources (articles from major news outlets, academic journal articles, NOT...
Using a minimum of 3 approved sources (articles from major news outlets, academic journal articles, NOT Wikipedia nor similar websites), post an original 4-5 well-developed paragraph response to the questions below by Feb 18th at 11:00pm and respond to at least two classmates' responses by Feb 21st at 11:00pm. Source documentation should be parenthetical (e.g. Smith 2010) and a list of sources in full bibliographic format must be included at the end of the initial post. Research a good or...
After reading newspapers and journal articles and using wider research platforms such as the Australian Taxation...
After reading newspapers and journal articles and using wider research platforms such as the Australian Taxation Office Rulings on the subject of Taxing of Cryptocurrency and how governments are going to start tackling this issue you should be able to form an opinion to whether the policing of cryptocurrency will be effective or will it be a difficult task for revenue authorities. For this area of the assessment you need to explain a) What is Cryptocurrency and how does it...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT