Chapter 1 Videos and text Flashcards
(73 cards)
_____ are deeds, processes, and performances
Services
A _____ is a time-perishable, intangible experience performed for a customer acting in the role of a co-producer
Service
Economic activities offered by one party to another, most commonly employing time-based performances to bring about desired results in recipients themselves or in objects or other assets for which purchasers have responsibility. In exchange for their money, time, and effort, service customers expect to obtain value from access to goods, labor, professional skills, facilities, networks, and systems; but they do not normally take ownership of any of the physical elements involved are defined as
Services
a value-coproduction configuration of people, technology, other internal and external service systems, and shared information (such as language, processes, metrics, prices, policies, and laws) is defined as
Service System
What term helps to facilitate the production and distribution of goods, support other firms in meeting their goals, and add value to our personal lives
Service Firms
What are examples of service firms that are supply chain related?
3PLs/4PLs
Consultancy Firms
What are examples of service firms not supply chain related?
Accountants
Doctors
Lawyers
Dry cleaning
Grocery/retail store
Restaurant
Car wash
Nail salon
Barber shop
The RAC or YMCA
And many others
When most of the economic activity is centered around the provision of services and not production of tangible goods, this is said to be a?
Service Economy
What % of American workers are in the service sector?
80%
What type of society characterizes life as a game against nature?
Preindustrial Society
What type of society has a labor force that is engaged in agriculture, mining, and fishing. Where productivity is low and bears little evidence of technology.
Preindustrial Society
A society dominated by factory work in mass production industries is known as a
Industrial Society
Which society has a predominant activity is the production of goods. Energy and machines multiply the output per labor hour. Rhythm of life is machine paced and dominated by rigid working hours and time clocks.
Industrial Society
Which type of society claims life is a game that is played against a fabricated nature in a world of cities, factories, and tenements?
Industrial Society
Which society states the individual is the unit of social life in a society that is considered to be the sum total of all the individual decisions made in the marketplace?
Industrial Society
A service society in which people are engaged in information, intellectual, or creatively intensive activities is defined as
Post-industrial Society
What type of society says life is a game played among persons?
Post-industrial society
Slide 14- ch 1
What are the top 3 professions in the service sector?
1) 13.4% Professional and Business Services
2) Healthcare and Social Assistance
3) State and Local Governments
Slide 17- ch 1 -1
What are the 5 stages of economic activity?
Primary
Secondary
Tertiary
Quaternary
Quinary
What is the base of the stages of economic activity pyramid and what is it made up of?
Primary (Extractive): Agriculture, Mining, Fishing, and Forestry
What is the second stage of economic activity pyramid and what is it made up of?
Secondary( Goods-producing): Manufacturing, Processing
What is the third stage of economic activity pyramid and what is it made up of?
Tertiary (Domestic Services): Restaurants, Hotels, Laundry, Maintenance