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zaharov [31]
3 years ago
9

Services can not be stored, warehoused, or inventoried. Because of this, many hotels and airlines offer deep discounts on rooms

and flights booked at the last minute through websities like Expedia to ensure that they do not suffer from lost revenue on unsold rooms and flights. This scenario demonstrates what quality of services:
Business
2 answers:
vagabundo [1.1K]3 years ago
4 0

Answer: This scenario demonstrates the PERISHABILITY quality of services.

Explanation: A Service Organisation can be defined as an organisation that practice the provision of such a service as economic activity.

Some of the qualities of Services include; variability; perishability; heterogeneity etc.

The perishability quality of service refers to the fact that services cannot be stored, warehoused, or inventoried and, therefore, are perishable.

Hoochie [10]3 years ago
4 0

Answer:

Perishability

Explanation:

The scenario demonstrate perishability quality of service.

There are several qualities of service which includes;

1. Perishability is the inability of services to be stored, warehoused, or inventoried.

2. Inseparability: Most services such as haircut are inseparable from the receiver (consumer) of the service.

3. Variability: Services provided by a service provider received by the same Individual at different periods cannot yield same level of satisfaction.

4. Heterogeneity: This means the quality of a service may not be consistent.

5. Intangibility: Service cannot be seen, felt, heard, smelt unlike goods.

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A household appliances manufacturer needs a new parts supplier for its washers and dryers. The manufacturer advertises for compe
enyata [817]

Answer: Supplier selection process

Explanation: The process of selecting a supplier for the procurement of raw material for producing output is referred to as supplier selection process. In this process, the purchases analyzes deals from various alternatives of suppliers and  choose the one that maximizes the purchasers profit.

Thus, from the above explanation we can conclude that the given case illustrates the supplier selection process.

4 0
3 years ago
Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor? Check a
Rashid [163]

Answer:

Paying higher wages boost up employees to be more productive, as higher wages is considered as a source of motivation to the employees and they will improve their level of work and complete their task in an effective and efficient manner which leads to productivity at workplace. Hence, this automatically leads to timely completion of work at almost zero cost.

The reasons why some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor are as follows:

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3 0
3 years ago
Social factors exert the broadest and deepest influence over a person’s consumer behavior. True or false?.
Scilla [17]

Social factors exert the broadest and deepest influence over a person’s consumer behavior   false (culture)

Culture :

A person’s culture is represented by a large group of people with a similar heritage. Culture exerts a strong influence on a person’s needs and wants because it is through culture that we learn how to live, what to value, and how to conduct ourselves in society. The American culture, which is a subset of the Western (European) culture, will be the primary focus of this discussion, although other societies in other parts of the world have their own cultures with accompanying traditions and values.

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4 0
2 years ago
Ruston Company Income Statement January 1 to December 31, 2017 (amounts in thousands) 7,800 1,560 6,240 780 700 500 4,260 70 4,1
uranmaximum [27]

Answer:

The Net Cash Flow is -$4,686,000.

Explanation:

Note: The data in this question are merged. The complete question with the sorted data are therefore provided before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answers is now provided as follows:

Net Cash Flow can be determined by preparing the cash flow statement as follows:

Ruston company

Cash Flow Statement

For the Year Ended December 31, 2017

<u>Details                                                                  $’000               $’000   </u>

<u>Cash Flows from Operating Activity </u>

Net Income                                                           2,514

Adjustment to net income

Depreciation expense                                           700

Increase in accounts receivable                         (600)

Increase in accounts payable                            <u>   300 </u>

Net Cash Flows from Operating Activity                                    2,914

<u>Cash Flows from Investing Activity</u>  

Increase in Gross Property, Plant, & Eq.         <u>  (8,300) </u>

Net Cash Flows from Investing Activity                                    (8,300)

<u>Cash Flows from Financing Activity  </u>

Increase in Long Term Debt                               <u>    700 </u>

Net Cash Flows from Financing Activity                                <u>       700  </u>

Net Cash Flow                                                                        <u>    (4,686)  </u>

Therefore, the Net Cash Flow is -$4,686,000.

Download pdf
8 0
3 years ago
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