Analysis of "U.S. Service Sector Grows Slow" - Essay Example

Only on StudentShare

Extract of sample
Analysis of "U.S. Service Sector Grows Slow"

Many companies in the service sector are highly dependent on their marketing efforts to achieve further growth. Many experts are worried about the deceleration in growth in the service sector. Carl Leahey, a senior Economist at Senior Economist stated, “This survey shows a slow-moving service sector. That is pretty much in line with the market sense that though the economy has improved, it is still not growing very quickly” (Bond, 2011). Despite the worries of many scholars about the service sector there are other signs that showed major improvement in the U.S. economy such as the latest unemployment figures which showed a national unemployment rate of 8.6%. The labor market is finally growing. These are great news for all Americans as employers should be aggressively recruiting new personnel. The total exports in the U.S are also on the rise. Exporting is one of the primary expansion strategies used by marketers. The inventories of many companies are moving from contraction to expansion. The movement of merchandise from the United States to other countries is a great sign. Most companies in today’s marketplace cannot survive by using solely a domestic strategy. International expansion is one of the most effective ways marketers are able to achieve growth. ...
Download paper

Summary

The article I selected for analysis is called U.S. Service Sector Grows Slow (Bond, 2011). The article discusses the current state of the U.S service sector. Economic indicators illustrate that the service sector in the United States is showing a decline. The Institute for Supply Management’s non manufacturing index fell to 52 in November from 52.9 in October…
Author : ora51

Related Essays

How service firms enter the Chinese market: Study of entry strategy of hotel and restaurant industries for Chinese market
44 pages (11044 words) Dissertation
Service encounter journal and analysis
10 pages (2510 words) Essay
Talk Talk Plc and its Service Marketing
14 pages (3514 words) Literature review
Service product analysis
16 pages (4016 words) Essay
Cheap airline services
16 pages (4016 words) Essay
Economic Analysis for the Motion Picture Industry
7 pages (1757 words) Term Paper
Managing Creativity for Marketing and Advertising
8 pages (2008 words) Essay
Service Product Analysis
4 pages (1004 words) Essay
Impact of service quality on customer satisfaction and customer loyalty an application on the banking sector
40 pages (10040 words) Dissertation
Why was the original marketing mix extended for the service sector?
7 pages (1757 words) Essay
Marketing in Hospitality
2 pages (502 words) Assignment
Got a tricky question? Receive an answer from students like you! Try us!