Professional Documents
Culture Documents
Indicate the
following in paragraph form.
2. Why TTM?
Goods- Hill (1999), refer to physical objects for which a demand exist; their
physical attributes are preserved overtime; Render ownership can be
established , can exist independently of the owner , and can be traded on
markets.
Services- have four features. Lovelock (1983) connoted this as the IHIP
characteristics: intangible, heterogeneous , inseparable and perishable.
Inseparability- means that the production ( act of delivery of service staff) and
the consumption (guest experience) cannot be separated from each other.
PERISHABILTY-Smith (1776) states that a service will
"perish in the very instant of its performance , and
seldom leave any trace our value behind them for
which an equal quantity of services called afterwards
be procured".