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Importance of services in the commodity market

Importance of services in the commodity market

Launching a product in the market without a proper hold on the servicing of the product is like launching a kite without a string attached to it. Since the inception of the idea of services, it has become impossible for one to imagine a world without the existence of service. Any and all products laid out on the shelf of a super market depends its success and market value over the kind of services attached to the mainframe of the commodity. Without the presence of any element called service, any and all value of a product will hold no ground. In the modern market, service is considered as a parameter which helps consumers and the market decide the bankability of any product. Let’s explore some examples of services and how it becomes an important part of business and over all being for the product. The streets of any human occupied colony would be full of cars, buses, and other forms of transportation, when one purchases any of these vehicles, service is an extremely important factor that they look up to. We have known to purchase deeds or contacts for certain vehicles providing complimentary servicing of the vehicle through a certain period of miles covered by its wheels, hence helping us not to worry too much about the initial cost of maintenance.