Intangibility - Study guides, Class notes & Summaries

Product - ANSWER-_______ is the most essential decision in the 4Ps because it is what the consumer is receiving in the exchange. Intangibility - ANSWER-The extent to which you have something concrete Experience Marketing - ANSWER-Consumers ar buying the experience broadly - ANSWER-Define competition ___________ Product Mix - ANSWER-A company's product lines Breadth - ANSWER-Number of product lines. For example, Frigidaire sells refrigerators, washers, dryers, ranges, etc. Depth - ANSWER...

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...

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...

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 Plan Develop Qualify - What are the ...

Revenue Management Final Exam Question & Answers 2024. what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -...

AIPMM - CPM PRACTICE EXAM QUESTIONS & ANSWERS 2023/2024 intangibility inseparability variability perishability - ANSWER-Nature and characteristic of a service Product Price Promotion Place - 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 - ANSWER-What are Porter's 5 forces? Conceive Plan Develop Qualify Launch Deliver Retire -...

AIPMM - CPM PRACTICE EXAM WITH CERTIFIED SOLUTIONS intangibility inseparability variability perishability - Answer ️️ -Nature and characteristic of a service Product Price Promotion Place - 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 - Answer ️️ -What are Porter's 5 forces? Conceive Plan Develop Qualify Launch Deliver...

Revenue Management correct answer-selling to the right guests at the right time at the right price to make the most profit Two characteristics of hospitality product correct answer-perishability & intangibility How are revenue managers incentivized financially? How might this influence their decisions? correct answer-on diff. basis such as RevPAR, Index, % Change - depending on what their incentives are based on, the hotel's performance or profit can differ Describe to someone who ha...

involves combining direct materials, direct labor, and overhead to make a product correct answers manufacturing When is a product tangible? correct answers When it can be inventoried and shipped to the customer What are the characteristics of a service? correct answers -intangible nature -not separable from the customer -can't be inventoried -heterogeneity What is an example of a pure service? correct answers Internet cafe -no raw materials -no tangible item What is an example ...

Certified Product Manager - Online Course and Exam - 280 Product Group AIPMM Advanced Test With Latest Verified Answers 2024. Characteristics of a service and example for each - correct answer Inseparability - Bank visit Intangibility - University Course Variability - Customer Service Perishability - Airline flight What are Kotler's 4 Market Strategies? - correct answer Product, place, price, promotion What are Porter's 5 forces? - correct answer Bargaining power of suppliers Barga...