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Nina [5.8K]
2 years ago
8

It is important to find a hotel that has a five star rating to base the training off of. what aspect of service quality would th

is be considered?
Business
1 answer:
kramer2 years ago
8 0

The aspect of service quality would be the objective measure of goodness.

<h3><u>What is service?</u></h3>
  • In contrast to products, which we can physically touch or handle, services are the non-physical, intangible components of our economy.
  • The majority of the economies of the wealthy countries are based on services like banking, education, healthcare, and transportation.
  • They also represent the bulk of the economies of the developing countries.
  • There is no transfer of ownership when a business offers a service and the client pays for it. We are unable to ship or store a service.
  • They are only present as long as the customer is consuming them and the provider is supplying them.

For instance, getting a haircut is a service that cannot be stored or transported.

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You might be interested in
If the supply of a product increases, then we would expect equilibrium price
olga55 [171]

With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required.

The equilibrium price will increase as the supply declines, while the quantity needed will go down. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change. Price decreases and quantity increases as supply grows. Price increases and quantity declines cause a drop in supply. The equilibrium price rises if the increase in supply exceeds the increase in demand. The equilibrium price falls if the increase in supply is greater than the rise in demand. Equilibrium quantity rises in both scenarios. The equilibrium price and quantity are impacted by upward movements in the supply and demand curves. The equilibrium price rises but the quantity decreases if the supply curve changes upward, indicating that supply declines but demand remains constant. For instance, pump prices are expected to increase if gasoline supply are reduced.

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5 0
1 year ago
The following information is available for Wonderway, Inc., for 2015: Factory rent $ 28,300 Company advertising 20,200 Wages pai
bearhunter [10]

Answer:

1. $85,000

2. $132,750

3. $119,900

4. $217,750

5. $252,650

6. $96,130

Explanation:

1. The computation of direct labor cost is shown below:

= Wages paid to laborers

= $85,000

2. The computation of manufacturing overhead cost is shown below:

= Factory rent + Indirect production labor + Utilities for factory + Production supervisor's salary + Factory insurance + Depreciation on factory equipment

= $28,300 + $1,950 + $31,200 + $31,600 + $12,700 + $27,000

= $132,750

3. The computation of prime cost is shown below:

=  Wages paid to laborers + Direct materials used  

= $85,000 + $34,900

= $119,900

4. The computation of conversion cost is shown below:

=  Wages paid to laborers + manufacturing overhead cost

= $85,000 + $132,750

= $217,750

5.  The computation of total manufacturing cost is shown below:

= Prime cost + manufacturing overhead cost

= $119,900 + $132,750

= $252,650

6.  The computation of period expenses is shown below:

= Company advertising +  Depreciation for president's vehicle + President's salary + Sales commissions

= $20,200 + $8,100 + $60,200 + $7,630

= $96,130

6 0
4 years ago
Builtrite Furniture just paid an annual dividend of $2.50 last week and investors' believe that dividends will continue to grow
Ivenika [448]

Answer:

r = 11.55%

Explanation:

Given that,

Annual dividend paid last week, D1 = $2.50

Dividend growth rate, g = 8%

current price of common stock = $76

Stock price = D1 ÷ (r - g)

$76 = [$2.50 × (1 + 8%)] ÷ (r - 8%)

$76 = 2.7 ÷ (r - 8%)

(r - 8%)  = 0.0355

r = 0.0355 + 0.08

  = 0.1155 × 100

  = 11.55%

Therefore,

Return, r = 11.55%

6 0
4 years ago
What role do you think discipline plays in developing a child’s self-esteem? What forms of discipline best serve the self-esteem
PIT_PIT [208]
Discipline plays a role in teaching the child what's wrong and right in the world, and it helps the child interact with the public in an effective and safe manner. 
Some forms of discipline that best serve the self-esteem of the child are emotion coaching and boundary-based discipline. Emotion coaching is a process that involves teaching the child which emotions are which, and helps them self-identify if they angry, mad, or sad. Boundary-based discipline is discipline that is explicitly stated for the child to follow, where the consequences for each action the child makes are clearly stated so that they will learn what is wrong and what is right.
4 0
3 years ago
List at least 6 things your credit card company must clearly disclose to consumers.
never [62]

It is important to review the credit card disclosure for information on APRs, Penalties, Grace periods, Minimum financing charges, Calculation methodologies, and Fees.

An explanation of all the fees, charges, interest rates, and conditions that a consumer can encounter when using the credit card is contained in a credit card disclosure. The legislation requires disclosure of this information by organizations that provide credit cards. The disclosures on credit cards offer clear information about costs and charges. They also encourage rivalry. To allow consumers to evaluate credit cards more effectively, it is legally necessary of all credit card companies to give the same price information. They can pick the one that better serves their tastes in terms of price.

The interest rate that a client will pay on outstanding balances is the most obvious example of a cost listed on a credit card disclosure. Basic elements like the monthly payment deadlines will also be covered in the disclosure.

Learn more about Credit Card here:

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8 0
1 year ago
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