The service characteristic this scenario best exemplifies is the variability characteristic of service.
<h3>What is variability?</h3>
This principle implies the quality or characteristics of the same product might slightly change from provider to provider or from time to time.
<h3>How does the scenario presented illustrate variability?</h3>
In this scenario, the renting service is not the same at Okhlahoma, which shows the way a service changes due to location.
Note: This question is incomplete; here is the complete question:
When Professor Park travels for business, she always rents her car through Station Rental Company because no matter the office location they honor her corporate rate. On her most recent three business trips, Professor Park has rented her car through Station Rental Company and she received her normal rate for the first two trips to Idaho and Florida, but she received a higher rate for the last trip to Oklahoma. Professor Park completed an online survey to express her disappointment that her normal rental rate was not honored at the Oklahoma rental office. This scenario is an example of which service characteristic? (1 point)
Marketability
Inseparability
Variability
Intangibility
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Answer: THREAT OF SUBSTITUTE PRODUCTS.
Explanation:Porter's model was developed by a Harvard business school Lecturer known as Michael E. Porter in 1979. Michael E. Porter developed a Five Forces model that identifies and analyzes five competitive forces that shape every industry, and determines an industry's weaknesses and strengths.
The five competitive forces are as follows;
COMPETITIVE RIVALRY which determines the strength and number of your competitors.
SUPPLIER POWER which determines the uniqueness of the supplies given to you by your suppliers and the number of suppliers you have etc.
BUYER POWER which evaluates how many buyers you have,how easy it is for them to buy your products etc.
THREAT OF SUBSTITUTION which evaluates how easy it is for your buyers to buy another substitutes to your product etc.
THREAT OF NEW ENTRY which evaluates the ability or easy access of new products to penetrate the market,how well you are to maintain your strength etc.
Answer& Explanation:
(a) financing activities as the cash inflow comes from third parties in exchange of the future promise to received plus interest
(b) investing activities This cash outlay is perofrm to increase the capacity to generate cash in the future
(c) investing activity the cash inflow comes form the fixed assets of the company not their main operations.
(d) financing activities as the stockholders previously contributed to the firm equity are viewed as "lenders" to the company They made a contribution and now they receive their "interest"
Answer: Accountants play major role in firms in handling financial records and auditing. Managers know financial information based on either background knowledge or learning on the job
Explanation:
The accountants are valuable to the organization because they monitor the monetary information that concerns the firm, they handle how cash come in and keep track of how they are spent, all these makes them valuable even to the extent of auditing information as regarding the firm. Managers might understand financial information either based on how they monitor what occurs in the organization or what they learnt in from college. But it's unsafe for the managers to handle financial situation without the aid of a professional accountant.
