These three terms should not be interchanged in a Hospitality and Recreation Management Business. These are the meanings of each:
a. self-service - the customer does all the work on his own (i.e. get water, spoon and fork)
b. limited-service - a usual scenario seen in fast-food chains
c. full-service - hotel services and recreational amenities offer this kind of service.
<h2>Law providing incomplete answer</h2>
Explanation:
1. Lack of competition
: This is not the right answer because no business culture will be set up in such a manner to decrease the level of competition. Because employees needs to be competitive for bringing success to the organization.
2. Law providing incomplete answers
: This is the right answer.
3. Stagnant or decreasing profit: Business always focuses on profit. So this
4. Lack of strong leadership
: Any business culture will only uplift the leadership to both promote individual and the organization.option stands invalid.
Answer:
SEGMENTATION
Explanation:
The important elements involved of a firms business model are its TARGET market basis for differentiation and it segmentation these three elements involved results into important elements of a business model.
