Maria Kingsley is a fortune teller. She is concerned because today two of her clients missed their appointments to have her read their Tarot cards and she had plans for the money she would have earned. With which characteristic of services is Kingsley most concerned?
Fill in the blank(s) with the appropriate word(s).
Perishability.
You might also like to view...
Which of the following statements is true of social classes?
A) Social classes are society's temporary divisions. B) Members of a social class have unique and distinct values, interests, and behaviors. C) People within a social class tend to exhibit similar buying behavior. D) Income is the single factor that determines social class. E) Social classes universally exhibit identical product and brand preferences.
Transfer prices are used for internal decisions and performance evaluation purposes and are not made known to the outside world
Indicate whether the statement is true or false
Augustus, Inc buys designer clothing to sell in its retail stores. Since much of the merchandise comes from New York and Europe, Augustus must pay freight charges to get the merchandise shipped in. Which of the following statements must be true?
A) Transportation-in, paid by Augustus, is added to the inventory account under the periodic system. B) Transportation-in, paid by Augustus, is subtracted from purchases under the periodic system. C) Freight charges are only paid by a buyer in a periodic system. D) Transportation-in is included in the total cost of purchases used to determine cost of goods sold in a periodic system.
The ________ measures the average time it takes to convert cash outflows into cash inflows from customers.
What will be an ideal response?