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The Service Sector
Although it could be assumed that Canadian households spend most of their money on items such as food and clothing, the reality is that they spend the majority of their money on services. ... (Statscan) “Increasing in importance, the business services sector grew at an average rate of 7. ... Today, the business services sector accounts for about 6% of Canadas gross domestic product.” (Statscan) The service sector includes a vast array of specialty services, such as financial services, tourism services, etc.
For the purpose of this report we have chosen to briefly look at three specific areas in the service sector and how these service industries are changing, as well as the effects that it has had on retailers. ... tourists play such a significant role in the Canadian tourism economy overall, many service retailers have felt the effects of this decline.
Another trend that is affecting the tourism services sector is the rising percentage of seniors (aged 65 and over) in Canada. ... The growth in domestic and international trips by seniors over the past decade has outpaced most age groups. ...
Home delivery services
Over the past decade there has been a dramatic increase in the amount of home deliveries in the service sector. ... For this reason, a lot of companies have began to offer at home deliveries involving the service sector. ... Meals on Wheels is a delivery service that is connected to many local restaurants where they will make the order for the customer, pick it up, and deliver it to the customer’s doorstep. ...
Thrfty Foods as well as other large grocery chains are now offering a sendial service or home delivery service for the elderly. ... With the increase in demand for services like these, the service sector is on a rapid incline.
Another delivery service that has seen growth is the prescription industry. ...
The aging population has had a direct and significant impact on the services offered in the service sector.
Approximate Word count = 1611
Approximate Pages = 6.4
(250 words per page double spaced)
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