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Varvara68 [4.7K]
3 years ago
15

Which sentence identifies the concept of perishability? Tourism is a service-oriented field in the goods-service continuum. Four

major characteristics affect the service industry in general. Firstly, services can only be experienced, unlike goods, which can be felt, seen, or touched. In services, what appeals to one person may not appeal to the other. Therefore, extensive research and feedback is needed to understand choices made by customers.Efforts should be made to substantiate the lack of visual appeal.Brochures depicting images of famous places can be provided to attract customers. Secondly, inconsistency in services, such as bad word-of-mouth about employees or tour guides, can hamper a tourism business. Thirdly, storage of services is not possible, as services are consumed when offered to a customer. For example, an air conditioner unsold in winter can be stored and sold in the summer, but if flight seats during off-season are not sold, the inherent value vanishes. Such a loss is duly accountable in the service industry. Fourthly, service and a customer are inseparable because service can be offered only when the customer is present. Goods, like television, stay with a customer only after purchase, but tourists cannot take the cruise home with them after signing up for a tour.
Business
1 answer:
allochka39001 [22]3 years ago
3 0

Thirdly, storage of services is not possible, as services are consumed when offered to a customer.

Answer: Option 3.

<u>Explanation:</u>

Perishable is a feature where a good or service can not be stored for long. They might get hampered and do not remain like their original self if they are stored.

Services have a perishable nature in the sense that they can not be stored like some of the goods which can be stored. The services are to be consumed then and there at the moment when they are offered to the customers. They can not be kept reserved.

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On January 1, 2021, Bishop Company issued 6% bonds dated January 1, 2021, with a face amount of $33 million. The bonds mature in
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a. Determine the price of the bonds at January 1, 2021.

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PV of coupon payments = $990,000 x 13.590 (PV annuity factor, 4%, 20 periods) = $13,454,100

market price = $28,514,869

b. Prepare the journal entry to record the bond issuance by Bishop on January 1, 2021.

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c. Prepare the journal entry to record interest on June 30, 2021, using the effective interest method.

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d. Prepare the journal entry to record interest on December 31, 2021, using the effective interest method.

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The speaker should seek and understand feedback from the speaker's audience

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Business communication is said to be effective when the speaker seek and understand feedback from it's audience. This helps management to effectively discharge their duties in the organization.

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