Organizations such as Uber, Citibank, and St. Jude Children's Hospital all provide their clients a commodity known as Service.
- A service is defined as "any act or use for which a customer, business, or government is willing to pay." Work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and others are examples.
- Business services, social services, and personal services are the three types of services. A service is an intangible commodity in economics. Services, in particular, are an intangible equivalent of commercial products. Service providing is frequently an economic activity in which the buyer does not normally receive exclusive ownership of the product purchased, unless under exclusive contract.
- Public services are those that are paid for by society as a whole (country, state, fiscal union, or region). Service providers help service consumers by utilizing resources, expertise, innovation, and experience. Services are intangible activities or performances in which the service provider adds value to the customer.
Thus this is the meaning of service.
To learn more about service, refer: https://brainly.com/question/25922327
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