services

  

Definition

Intangible products such as accounting, banking, cleaning, consultancy, education, insurance, expertise, medical treatment, or transportation.

Sometimes services are difficult to identify because they are closely associated with a good; such as the combination of a diagnosis with the administration of a medicine. No transfer of possession or ownership takes place when services are sold, and they (1) cannot be stored or transported, (2) are instantly perishable, and (3) come into existence at the time they are bought and consumed. See also service.


Use services in a sentence

  • There is a seemingly endless amount of services offered to the general public in a vast amount of categories, from computer based to office based

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  • The famous hit man offered his disposal services to the most unlikely of people--a TV star that occasionally wore a purple dinosaur costume.

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  • The Laundromat focused its day to day on providing services to customers that need to have there expensive shirts dry cleaned.

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