How does intangibility affect inventorying services? Explain with an example
What will be an ideal response?
In many cases, when a service is not performed at a particular time, the revenue is lost forever and cannot be recaptured. An example of this is when a FedEx jet takes off with unfilled capacity. Although later planes may be filled, the lost revenue from the unfilled one is gone because the space cannot be held for later purchase.
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A branding strategy in which a company uses one name for all its products in a product class is referred to as ________.
A. brand licensing B. multibranding C. public branding D. multiproduct branding E. global branding
________ refers to the benefits a customer receives from purchasing a good or service
A) Satisfaction B) Demand C) Want D) Promotion E) Value
In the context of cash flow statements and budgets, what is a sensitivity analysis? Why is it important when developing a new business idea?
What will be an ideal response?
The break-even point in units can be obtained by dividing total fixed expenses by the unit contribution margin.
Answer the following statement true (T) or false (F)