Perishability - Study guides, Class notes & Summaries

MAR 4841 exam 1 final questions & answers 2024/2025 What percent of GDP comes from services? - ANSWERS80% What do you look for in a service-based company? - ANSWERSReviews, insurance, website, personal recommendations more about person providing the service What do you look for in a product based company? - ANSWERSTangible benefits additional bonuses/features when buying a product Tangible dominant on the service tangibility spectrum - ANSWERSSalt detergent soft drinks cars ...

intangibility inseparability variability perishability Nature and characteristic of a service Product Price Promotion Place What are the 4 Kotler's Market Strategies?

HOSP-1010-Gaillard : Midterm Exam Questions and Answers 100% Pass What are the components of the *Service Distinction*? - Answer- -Intangibility -Inseparability -Perishability -Variability -Component of the Service Distinction -Can't be seen, tasted, felt, heard, or smelled before purchase - Answer- intangibility -Component of the Service Distinction -Production & consumption happen simultaneously - Answer- inseparability -Component of the Service Distinction -Can't be stored for la...

HOSP-1010-Gaillard : Midterm Exam Questions and Answers 100% Pass What are the components of the *Service Distinction*? - Answer- -Intangibility -Inseparability -Perishability -Variability -Component of the Service Distinction -Can't be seen, tasted, felt, heard, or smelled before purchase - Answer- intangibility -Component of the Service Distinction -Production & consumption happen simultaneously - Answer- inseparability -Component of the Service Distinction -Can't be stored for la...

AIPMM - CPM REVIEW PRACTICE EXAM QUESTIONS 2024. intangibility inseparability variability perishability - correct answer Nature and characteristic of a service Product Price Promotion Place - correct answer What are the 4 Kotler's Market Strategies? Intensity of Competitive Rivalry Threat of New Entrants Threat of Substitute Bargaining Power of Customers Bargaining Power of Suppliers - correct answer What are Porter's 5 forces? Conceive Plan Develop Qualify Launch Deli...

intangibility inseparability variability perishability - --Nature and characteristic of a service Product Price Promotion Place - --What are the 4 Kotler's Market Strategies? Intensity of Competitive Rivalry Threat of New Entrants Threat of Substitute Bargaining Power of Customers Bargaining Power of Suppliers - --What are Porter's 5 forces? Conceive Plan Develop Qualify Launch Deliver Retire - --What are the 7 phases of PLC? Conceive PlanDevelop Qualify - --What are the ...

What are the THREE characteristics of the hospitality industry that make it dynamic and challenging? Ans- Intangibility- No Test Drive Inseparability- Production and consumption Perishability- Cannot sell tomorrow What is the difference between demographics and psychographics? Ans- Demographics measure factors in the population (age, income, etc) Psychographics- different patterns of activities interest and opinions. Name ONE trend in hospitality and give specific examples of how it h...

GSM EXAM 1 QUESTIONS & ANSWERS 2024/2025 Services - ANSWERSDeeds,processes, and performances provided, co-produced, or co-created by one person for or with another person. Characteristics of services - ANSWERSintangibility, inseparability, variability, perishability Intangibility of services - ANSWERSservices cannot be seen, tasted, felt, heard, or smelled before purchase Perishability - ANSWERSServices cannot be stored for later sale or use Inseparability - ANSWERSservices cann...

HOSP-1010-Gaillard : Midterm Complete Solutions -Intangibility -Inseparability -Perishability -Variability ️What are the components of the *Service Distinction*? intangibility ️-Component of the Service Distinction -Can't be seen, tasted, felt, heard, or smelled before purchase inseparability ️-Component of the Service Distinction -Production & consumption happen simultaneously perishability ️-Component of the Service Distinction -Can't be stored for later sale or use (unsold ro...

Revenue Management correct answer-Also Known as Yield Management An essential instrument for matching supply and demand by dividing customers into different segments based on their purchase intentions and allocating capacity to different segments in a way that maximizes a particular's facility's revenues. The constellation of tools and actions dedicated toward the achievement of an optimal level of the hotels net revenues and gross operating profit 7 key point of Revenue Management co...