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Inessa [10]
1 year ago
7

One of the biggest non-monetary costs for hospitality customers is ____________.

Business
1 answer:
fomenos1 year ago
6 0

One of the biggest non-monetary costs for hospitality customers is time.

<h3>What is  non-monetary costs?</h3>
  • When a buyer purchases a product, he not only spends money, but also other resources.
  • These are referred to as non-monetary expenses, and they include time, convenience, effort, and psychological costs.
  • Economists have recently come to understand that consumers make other trade-offs in order to receive goods and services in addition to paying a monetary price.
  • As a result, demand is influenced by other expenses in addition to the monetary price.
  • The idea of non-monetary expenses has grown in significance in social marketing.
  • Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service.

Learn more about non-monetary costs here:

brainly.com/question/28503224

#SPJ4

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Friendly's quick loans, inc., offers you "$4.10 for $5.10 or i knock on your door." this means you get $4.10 today and repay $5.
storchak [24]
If it costs $5.10 to get $4.10 from Friendly's then the loanee would pay about 24% which is a pretty high interest rate and presumably the interest rate would decrease with a higher amount loaned as on a larger amount the actual amount of interest earned would still be significant with a lower interest rate.
6 0
3 years ago
Read 2 more answers
Production used 2.5 labor hours per finished unit, and the company actually paid $21 per hour, totaling $52.50 per unit of finis
jeka94

Answer:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual hours

Explanation:

Giving the following information:

The production used 2.5 labor hours per finished unit, and the company paid $21 per hour, totaling $52.50 per unit of finished product.

<u>We weren't provided with enough information to solve the problem. We need estimated production hours and rates. But, I can leave the formula to solve it.</u>

To calculate direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Hours

3 0
3 years ago
Macroeconomic analysis is concerned with: Group of answer choices government regulation of industry The structure of a market an
Zanzabum

Answer:

The answer is C.

Explanation:

Macroeconomics is the study of the economy as a whole, unlike microeconomics which is the study of the individual firms/markets.

Macroeconomics focuses on the standard of living, unemployment rate, inflation rate etc. and how this affects the whole economy.

Option A is wrong because it is the microeconomics and not macroeconomics that studies the market and the firm.

Option B and D are wrong because these are for microeconomics

8 0
3 years ago
Because customers participate directly in the service process, the success of technological innovation is dependent upon:
miss Akunina [59]
<span>Because customers often participate directly when it comes to the service process, the success of any technological innovation is highly dependent on customer acceptance. This means that if the customers don't like the product or something about it, a technological innovation will not find a place in the main stream and will be unable to succeed.</span>
5 0
3 years ago
PLEASE HELP ME ASAP PLEASE!!!!
Grace [21]

Answer:

The answer is B

Explanation:

When nobody wants the product, the product builds up until there is so much the product becomes cheaper. This is because the product is not scarce anymore.

8 0
3 years ago
Read 2 more answers
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