Service

Cards (25)

  • The Service Sector is the dimension of the economy that produces services
  • Services are nonmaterial commodities such as Health, Insurance, Education, Security
  • The activities in the service sector are, Trade and commerce, Transportation, communication, and storage, Finance, Ownership of dwellings and real estate, Government Services
  • Trade and commerce is the selling of goods
  • The 2 major models of Trading are: Wholesale, and Retail
  • The National Statistic Coordination Board (NSCB) defines wholesale trade as an intermediate step in the distribution of merchandise
  • An establishment is considered a wholesaler if: Its major on regular clients are business, institutions, and resellers
  • Retail trade is the final step in the distribution of merchandise where its main activity is selling new/used goods w/o transformation on a regular basis direct to the general public
  • An establishment is considered retailer if: its major and regular clients are the general public, including household . And if its major source of sales is derived from the same things (answer)
  • Transportation and communication facilitate the flow of trade and commerce
  • storage provides custodial services to traders. it operates warehouse and other facilities that keep merchandising goods in safe and good condition
  • In 2011, there were 7.1 million registered motor vehicles throughout the country
  • The registered motors for Private is 6.1 million. For hire: 971 thousand . Government: 67.3 thousand. Diplomatic: 3.6 thousand. Exempt: 652 thousand
  • The total numbers of airports in 2011 was 84, which 10 are international and 74 are domestic.
  • The Major domestic commercial airlines in the country are Philippine Airlines, Cebu pacific, Pal Express, Zest Air
  • As of 2011, there were 6.75 million telephone lines installed all over the country.
  • in 1996, there were only 24 internet service providers in the country and about 100 thousand subscribers
  • In 2011, the national telecommunications commission reported a total of 320 internet service providers and 5.2 million subscribers
  • Intermediation is the main function of the Financial Sector.
  • Banks and other financial institutions are the main source of investment funds in the finance sector
  • Finance has provided jobs to 368,000 of the country's labor force
  • Lands, commercial buildings, residential houses and apartments for rent belong to the real estate industry.
  • The government's main responsibility is to deliver social, economic and general public services to the people.
  • social services includes education, culture, manpower development , health, social security, welfare and employment
  • Economic services includes agriculture and agrarian reform, natural resources and development, trade and industry, tourism, power and industry