Asignment

Asignment 1 a) Illustrate the distinctive characteristics of a service steadfast in an economy b) Critically discuss the evolution of an economy from an agrarian partnership to a service cabaret Introduction An economy has been described as a complex adaptive system which is constantly changing as the environment around it changes. With the development of science and technology, the human research for freshlyer and better ways of doing things accelerated. The society has greatly transformed itself from the in the beginning ways of life to the current digital and virtual society brought about by the progressions in information technology. A new service society has evolved as a consequence of these environmental changes and it has its own unique characteristics which distinguishes it from the earlier industrial and agrarian societies.

explanation of Key terms Service Firm This is a business that makes its facilities available for others to exercising for a topple (Lowendahl, B 2005) Economic Evolution This a offshoot of transformation in the way how societies produce and utilize their riches (Beinhocker 2006) a) By its very nature a service firm is a type of business that makes its faculties available to others for a fee while achieving economies of scale. This type of business ha distinct characteristics which makes it unlike from other firm in the manufacturing industry where the end harvest-tide is tangible and can be stored in the warehouse for incoming use. The service firms in general vary in compass from those that offer a tangible but highly putrescible service like hotel accommodation, road, sea, rail or air travel. once any opportunity to make use of the service has passed it would not be possible to re-coup thee losses in whatever means. regard a hotel room is not taken up on a particular solar day it means that the firm would besides hope to have better luck the next day when all the rooms could be taken up differently the service that was available... If you want to get a full essay, battle array it on our website: Orderessay

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