Answer:
Service products cannot generally be produced in advance or stored.
Services are typically variable, and in almost every service offering, the service cannot start until the customer arrives and actively participates.
Explanation:
Services have distinguishing characteristics that differentiate them from goods.
To start with, services cannot be produced in advance as production and consumption happen at the same time.
Also,the customer must be present and actively contributes to the delivery of the service, for instance, haircut cannot happen except the customer comes to the salon and obeys the instructions of the barber as they go along.
Besides,there is no physical substance in service unlike purchase of goods.
Here we have not been given the answer choices. However, we can see that these choices are: 2/10 net 30, 2/5 net 30, 2/5 net 20, 1/10 net 45, 1/5 net 15
Here we are to select the best one if you want to forgo the discount. Since you want the discount to be forgone, we will select the plans that offer the least discount which are options 4 and 5 1/10 net 45 and 1/5 net 15.
Net out of these two, the 1/10 net 45 gives you discount of 1% for 10 days with total payable in 45 days and the other one gives you a 1% discount in 5 days. So we would like to select the one with most number of days without discount and this would be 1/10 net 45 and would give you a total of 45 days to pay the credit as against only 15 days in other option.
Hence the option which best suites is 1/10 net 45.
Which C of the four Cs of marketing relates to the place element of the marketing mix? Convenience. When a customer is looking for a place to purchase the product form, they are wanting a place nearby and easy to get to. Consumers want to be able to find the products they are looking for conveniently. Once a consumer can find what they want at the best place, they will continue to look and shop for their product where they know they can find it.
The gap of $1370 represents the amount of goods not yet delivered to the company. When a company purchases inventory, on the basis of the accrual principle in accounting, transactions are recorded as they occur even if the actual possession will take place eventually. In this case, the overall amount of merchandise bought is recorded in the company's books. After a physical count, we'll find out that the shrinkage represents stock that is yet to be delivered.
