A catalog of services defines which storage-related services are applied to each service level of storage where storage capacity is managed and allocated in terms of chunks of capacity at different service levels. Each service level is defined based on one or more of tiered storage policy settings, drive size, drive speed, drive count, RAID protection, engine fractions, bandwidth and availability and characterized by one or more performance capabilities. Examples of services in the catalog include but are not limited to mobility, availability, continuity, and recovery services. Any combination of services, or no services at all, can be associated with a given service level of storage. Services may be performed at different performance levels. Further, services may be provided on-demand and billed on a usage basis.