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1.4 Organisations such as banks offer services. Unlike products, services have four distinctive characteristics that greatly affect the design of marketing programs: intangibility, inseparability, variability,
1.4 Organisations such as banks offer services. Unlike products, services have four distinctive characteristics that greatly affect the design of marketing programs: intangibility, inseparability, variability, and perishability. Discuss the strategies that can be adopted by banks to effectively address the challenges posed by these services characteristics. (20)
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