List the Four Characteristics That Distinguish Services from Goods and Discuss

question 41

Essay

List the four characteristics that distinguish services from goods and discuss how each would impact the marketing of a chain of fitness centers that is being started by six former Olympic athletes.

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Definitions:

Supply Curves

Graphical representations of the relationship between the price of goods and the quantity that producers are willing to supply.

Excise Tax

A tax levied on specific goods, services, or transactions, often to discourage their use or generate revenue.

Government Salaries

The remuneration received by individuals employed by the government, including wages, benefits, and allowances.

Property Tax

A tax levied by local governments on real estate properties, based on the assessed value of the property, to fund public services like education and infrastructure.