þjónustuvöru

þjónustuvöru is an Icelandic term that translates to "service product" or "service good." It refers to intangible offerings that are provided to customers rather than tangible items that can be physically possessed. These offerings often involve an action, a performance, or an experience.

Examples of þjónustuvöru include a haircut, a hotel stay, a financial consultation, a software subscription, or a ride-sharing service. Unlike physical goods, services are typically produced and consumed simultaneously, cannot be stored for later use, and their quality can vary depending on the provider and the circumstances. The focus is on the benefit or outcome delivered to the customer. The concept emphasizes the "doing" aspect of commerce, where value is created through human effort, expertise, or facilities. In business and economics, distinguishing between goods and services is important for marketing, production, and legal considerations.