Answer:
Intangibility
Explanation:
Intangibility means a service that is not physical and therefore cannot be touched. Products are tangible and services are intangible in nature. Intangibility of services is gotten from the fact that a service cannot be seen or touched. A service is carried out and delivered on spot therefore it cannot be measured as easily as a tangible product.
A lot of problem are encountered in service marketing as a result of intangibility of services. Tangible elements have to be added your service to supplement your marketing strategy.
Another problem that arises from intangibility of services is that services cannot be stored.
<span>a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.</span>
Answer: consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.
Explanation:
Purchasing consortium is simply defined as an arrangement that involves collaboration which takes place between two or more organisations who join hands together in order to gain better prices and achieve terms which are favorable from their suppliers.
Purchasing consortium consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.
It should be noted that it's not only used by public institutions, therefore option A is incorrect. Purchasing consortium helps speed up the purchasing process.
Answer:
c.LIFO
Explanation:
LIFO is the inventory costing method that reports the earliest costs in ending inventory. It is also a method of costing that will yield the largest net income when inventory is being valued at the cost and the purchase price remain same. It also assign the most recent costs to the cost of merchandise sold. This method is used only in United states and is been governed by the general accepted accounting principles (GAAP).