A full service provider offers total coverage of products and services in a particular domain, consolidated via a single point of contact. Special know-how is given to the customer in order to increase his or her efficiency and performance. By becoming a full service provider, a company can prevent revenue losses by extending their service and adding it to the product. Additionally, close contact with the customer allows great insight into customer habits and needs which can be used to improve the products and services.
How they do it: Paypal, known for its peer-to-peer payment service offers full payment solutions to its customers. With one single merchant account, customers (businesses and private individuals) can access a wide range of features and services such as seller protection through PayPal and check-out solutions for onlines stores.
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How they do it: Abbot Downing provides its clients with a full range of service, beyond traditional private banking meeting the full range of their clients needs. These include for example also services in the area of multigenerational wealth planning, asset management services, trust fiduciary and administrative services as well as outsourced Chief Investment Officers for foundations and endowments.
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How they do it: The Apple iPod in combination with iTunes offers a full solution for the customer’s music consumption, ranging from the physical device to listen to music portably to the actual content to be put on the iPod.
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How they do it: Microsoft offers everything needed to run a personal computer. This includes the operating system as well as support software such as an internet browser of the office applications.
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How they do it: Foxconn provides its customers with fully integrated solutions covering the whole manufacturing process when it acts as a contract manufacturer. Hereby it utilizes its low cost manufacturing expertise and scale of its production facilities to decrease production cost per unit. Through the whole service offering, it is able to produce its customers products such as the Apple iPhone for less than Apple itself could produce it.
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