Thursday, March 6, 2008

FSM Ch.3 Introduction to Marketing

Introduction to Financial Services Marketing

Marketing focuses on improving business performance by satisfying customer needs.

Services are something that can be bought and sold but which you cannot drop on your foot.

Dinstinctive characteristics of financial services

Intangbility
Inseparability
perishability
Heterogeneity
Fiduciary responsibility
Contingent consumption
Duration of consumption

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