Marketing is the pour of merchandise and services from the producers to the customers. The whole thing is based on relationships and values. Thus marketing of services is actually based on the relationship and the values of the customer and the producer. Marketing of services admits the services of all those indulged, it may be then the wholesaler retailer, Warehouse keeper, transporter etc. At the present age the competition in marketing of product or service is a very important factor. It is expected that more or less 50% of the price paid for an article of trade goes to the promotion of the product in US. Marketing does not have any particular definition because it changes every single day.
Marketing and managing
The act of informing the customers about the successful encounter of the service is referred to as managing the evidence. The procedure of it is the subtle ways like rendering the examples and describing the good and the bad services on the basis of comparison. The customer may or may not appreciate the worth of the service if they do not have a proper point of reference of comparisons.
The marketing of services are of four types such as:
Inseparable it is from the point of consumed to the service provider. For example a live theatre performance cannot be consumed but the DVD of the same performance is the product not the service.
Intangible is to have a real and physical presence of the product as the motor insurance company have the certificate but the financial service in untouchable.
Perishable is the one that cannot be repeated, for example the 100 meters Olympic final.
Variability as the human association of service stipulation means that not two services can be totally the same.
Right of ownership is not taken to the consideration, since the customer merely experiences it.