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picture1_Market Ppt 67922 | Servicesmarketing


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File: Market Ppt 67922 | Servicesmarketing
service is an act or performance that one party can offer to another that is essentially intangible and does not result in any ownership of anything its production may or ...

icon picture PPTX Filetype Power Point PPTX | Posted on 28 Aug 2022 | 3 years ago
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       •   Service is an act or performance that one  party can 
           offer to another that is essentially  intangible and 
           does not result in any  ownership of anything. Its 
           production may or  may not be tied to physical 
           products.(Philip  Kotler)
       •   It is based on relationship and value.
       •   It may be used to market a service or product.
       Upward trend in disposable 
          Income increasing in the past 20 years: 
       income
           Disposable  Personal Income in India 
           increased to 71640930 INR  Million in 
           2011 from 60158160 INR Million in 2010
          Developing country
          Liberalization
          Job Opportunities
          Demand increases with disposable income
       Increasing Specialization
          Technology
          Cost effective
          Expert and professionals
          Development of services, financial, banking
       Changing 
         Development of corporate culture
       Lifestyle
         Jogging, gym centre
         Adapting western culture: foreign 
          brands
       Increasing Literacy 
       Rate  Professionalism 
       in education  
       Information explosion  
       Government 
       Regulations  
       Consumer protection, 
       KYC
    In recent times the service sector is increasing 
    at  a very fast pace. After the liberalization in 
    the  year 1991, the contribution of service 
    sector is  continuously increasing in the growth 
    of our  economy.
    However, agriculture is still dominating the  
    Indian economy. Service sector are growing 
    not  only in volume but also in sophistication 
    and  complexity. The growth of service 
    industry is the  result of combination of several 
    reasons, they  are,
      The Services Sector contributes the most to 
       the  Indian GDP. The Sector of Services in 
       India has  the biggest share in the country's 
       GDP, it  accounts for more than 50% 
       contribution
         The various sectors under the Services 
       Sector in  India are construction, trade, hotels, 
       transport,  restaurant, communication and 
       storage, social  and personal services, 
       community, insurance,  financing, business 
       services, and real estate.
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...Service is an act or performance that one party can offer to another essentially intangible and does not result in any ownership of anything its production may be tied physical products philip kotler it based on relationship value used market a product upward trend disposable income increasing the past years personal india increased inr million from developing country liberalization job opportunities demand increases with specialization technology cost effective expert professionals development services financial banking changing corporate culture lifestyle jogging gym centre adapting western foreign brands literacy rate professionalism education information explosion government regulations consumer protection kyc recent times sector at very fast pace after year contribution continuously growth our economy however agriculture still dominating indian are growing only volume but also sophistication complexity industry combination several reasons they contributes most gdp has biggest shar...

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