"revenues from an unrented hotel room are lost forever" refers to which characteristic of services?

1 answer:

5 0

<span>Perishability of the service sector. Perishability occurs because services cannot be stored for sale in the future. An empty seat in a plane can't be utilized after takeoff; a restaurant will have to serve fresh food because the previous food would be spoilt. There are many factors that causes service capacity perishability but demand seem to be the chief factor. Demand can vary by the season, time, and cycle; it is quite difficult to forecast sales. Once a service is lost, it is forver lost. And this is because like I said earlier most services cannot be stored, saved, retrieved, once they have been un-used. On a bad day, If a hotel manager end up with too many staff or few bookings. This, of course, means that he will be making losses because revenues from his unrented hotel room are lost forever.</span>

You might be interested in

Designing a new backpack at an outdoor sports equipment company is an example of a: Select one: a. Product-level activity. b. Fa

marissa [1.9K]

Answer:

The answer is option A. Designing a new backpack at an outdoor sports equipment company is an example of Product-level activity.

Explanation:

A product-level activity is carried out in support of a specific product or activity.

These actions are taken irrespective of the amount of production or service volume associated with a product.

Product level activities relate to specific products and must be carried out regardless of how many batches or units of product are produced or sold.

For example, designing a new backpack at an outdoor sports equipment company is product specific and could involve the production of units or batches to be sold.

6 0

3 years ago

Elly owns a small coffee shop. She has only one employee. One weekend, she decided to take a break from work. She is wondering w

yanalaym [24]

Answer: (B) Backward induction

Explanation:

The backward induction is basically used for making the decisions and it is the process of solving the various types of problems by determining the action properly.

In any type of situation, the backward induction basically used the optimal strategy type for making some effective result of the given situation.

According to the given scenario, Elly should use the backward induction process for making the decisions more effectively regarding her shop.

Therefore, Option (B) is correct.

4 0

3 years ago

What is a free trade agreement

natima [27]

A free trade agreement or treaty is a multinational agreement according to international law to form a free-trade area between the cooperating states

6 0

3 years ago

Rockville Enterprises manufactures woodworking equipment and is incorporated and based in Evansville, Indiana. All of itsreal pr

mario62 [17]

Answer:

In the modern situation of Rockville Enterprises, it is producing wood functioning tools and situated in Evansville, following are the description whether Rockville Enterprise is a defensive commotion in non-ordinary conditions or not.

A) - Yes. All form of marketing is deliberated as secure action. As these marketing is revealed in all country.

B) - No. Inspection credit value of consumers is not secure action underneath the public regulation 86-272

C) - Yes. Sustaining a stand at a business exhibition in Arizona for 14 days is measured as secure action under the public regulation 86-272

D) - Yes. Inspection record is secure action underneath the public regulation 86-272

E) - No. Organizing administration meeting is not a secure action. Conversely. Organizing individual meeting is measured as secure action.

3 0

3 years ago

How can investors receive compounding returns? A: by selecting a savings account that has a higher interest rate B: by investing

ollegr [7]

I would choose A. But that's a recommended answer from my teacher<span />

6 0

3 years ago