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Chapter 12 - Services Marketing

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Term
Definition
Capacity Management   integrating the service component of the marketing mix with efforts to influence consumer demand  
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Customer Contact Audit   a flowchart of the points of interaction between consumers and a service provider  
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Customer Experience Management (CEM)   the process of managing the entire customer experience within the firm  
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Four L's of Services   the four unique elements to services: intangibility, inconsistency, inseparability, and inventory  
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Gap Analysis   a type of analysis that compares the differences between the consumer's expectations about and experiences with a service based on dimensions of service quality  
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Idle Production Capacity   occurs when the service provider is available but there is no demand  
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Internal Marketing   the notion that a service organization must focus on its employees, or internal market, before successful programs can be directed at customers  
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Off-Peak Pricing   charging different prices during different times of the day or days of the week to reflect variations in demand for the service  
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Service Continuum   the range of offerings companies bring to the market, from the tangible to the intangible or product-dominant to service-dominant  
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Services   intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value  
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Seven P's of Services Marketing   an expanded marketing mix for services that includes the four Ps (product, price, promotion, and place) as well as people, physical environment, and process  
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